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Provider: Reuters Investment Profile

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Alder Resources Ltd Announces Up To $1 Million Private Placement Of Units

Monday, 14 Jan 2013 06:55am EST 

Alder Resources Ltd announced that it intends to complete a non-brokered private placement financing of up to 13,333,333 units at a price of $0.075 per Unit for gross proceeds of up to $1,000,000. Each Unit will be comprised of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a Warrant). Each Warrant will entitle the holder thereof to acquire one common share of the Company at an exercise price of $0.10 per common share for a period of 24 months following the closing date of the Offering. The Closing Date of the Offering is scheduled to occur on or about February 15, 2013. All securities issued will be subject to a hold period of four months and one day. The gross proceeds of the Offering will be used to fund the drilling of the high grade copper-gold-silver mineralization that was discovered by exploration activities of the Company over the past year and for general corporate purposes. 

Company Quote

0.0050 +33.33%
24 Oct 2014