Vancouver, British Columbia, Canada. Aldridge Minerals Inc. (the "Company") (Frankfurt WKN: A0CAPB, TSX.V: AGM) is pleased to announce it will be conducting a non-brokered private placement of units (“Units”) of securities at a price of $1.80 per Unit to raise gross proceeds of up to $3,500,000.00.
Each Unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to acquire one additional common share at a price of $2.00 per share for a period of two years from closing.
The proceeds of the private placement will be used for continuing exploration and drill programs on the Company's mineral properties in Turkey and for general working capital purposes. The Company may pay a finder's fee incidental to the financing in accordance with Exchange policies. The private placement and payment of a finder's fee are subject to TSX Venture Exchange acceptance.
Aldridge is active in the exploration and development of gold and base metal projects in Turkey.
On behalf of the Board of Directors
DR. HIKMET AKIN
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information please contact:
Aldridge Minerals Inc.
Tel. +1 (306) 955-4741
Suite 204, 3540 West 41st Avenue
Vancouver, BC, V6N 3E6, Canada
Tel. +49 (711) 25 35 92-30
Fax +49 (711) 25 35 92-33