Alder Resources Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Alder Resources Ltd Announces Up To $3 Million Private Placement Of Units
Alder Resources Ltd announced that it intends to complete a non-brokered private placement financing of up to 30,000,000 units (the Units) at a price of $0.10 per Unit for gross proceeds of up to $3,000,000 (the Offering). Each Unit will be comprised of one common share of the Company and one-half of one share purchase warrant (a Warrant). Each whole Warrant will entitle the holder thereof to acquire one common share of the Company at an exercise price of $0.20 per common share for a period of 24 months following the closing date of the Offering. If at any time after four months and one day from the closing of the Offering, the shares of the Company trade at $0.40 per share or higher (on a volume weighted adjusted basis) for a period of 30 days, the Company will have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise this acceleration right. The Closing Date of the Offering is scheduled on or about February 1, 2012. The gross proceeds of the Offering will be used to fund exploration activities of the Company and for general corporate purposes.
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