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 First Tranche of Private Placement Financing
Alder Resources Ltd announced that it has completed a first tranche of its previously announced non-brokered private placement financing by issuing 8,735,000 units (the Units) at a price of $0.05 per Unit for aggregate gross proceeds of $436,750. 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 $0.10 per common share for a period of 24 months from the date hereof. Alder intends to close a second tranche of the financing on the same terms on or before April 30, 2013 for total gross proceeds, together with the first tranche, of up to $1,000,000. In connection with the closing of the first tranche of the financing, the Company will pay cash finders' fees totaling $6,000. The common shares forming part of the Units and the Warrants will be subject to a four month hold period that expires on July 22, 2013. 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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