Saskatoon, Saskatchewan, Canada. Aldridge Minerals Inc. ("Aldridge") (Frankfurt WKN: A0CAPB, TSX.V: AGM) has received approval from the TSX Venture Exchange to extend to January 31, 2006 the closing date of the private placement announced on November 22, 2005 of up to 1,000,000 units at $1.10 per unit.
As previously announced, each unit will be comprised of one common share of Aldridge and one common share purchase warrant. Each warrant will entitle the holder thereof, on exercise, to purchase one common share at a price of $1.25 during the two year period following issuance of the units. While conditional acceptance has been obtained from the TSX Venture Exchange, final acceptance of the private placement, including the pricing, will be subject to a further review by the TSX Venture Exchange.
Aldridge is a gold and base metal exploration and development corporation with exploration projects in Turkey.
On behalf of the Board of Directors
Hikmet Akin, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.