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 Amends Terms Of Private Placement Financing
Alder Resources Ltd announced that it has amended the terms of the non-brokered private placement financing announced on January 14, 2013 to change the price of the units (Units) to be issued by the Company to $0.05 per Unit. The private placement will now consist of up to 20,000,000 Units at a price of $0.05 per Unit for gross proceeds of up to $1,000,000 (the Offering). 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 Company expects to close the Offering on or about March 31, 2013, and may close the Offering in one or more tranches. 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 exploration activities of the Company and for general corporate purposes.
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