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 Closes Private Placement Financing
Alder Resources Ltd announced that it has completed its previously-announced non-brokered private placement financing by issuing 30,000,000 units (the "Units") at a price of $0.10 per Unit and 1,904,038 Units at a price of $0.1313 per Unit, for aggregate gross proceeds of $3,250,000. Each Unit consists of one common share of the Company and one-half of one share purchase warrant (a "Warrant"). Each whole Warrant entitles 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 from the date hereof (the "Closing Date"). The Company intends to use the proceeds from the sale of the Units to fund exploration activities of the Company and for general corporate purposes.
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