Vancouver, British Columbia, Canada. Aldridge Minerals Inc. (Frankfurt WKN: A0CAPB, TSX.V: AGM) ("Aldridge" or the "Company") announced today a non-brokered private placement of units ("Units") of securities at a price of $3.00 per Unit to raise gross proceeds of a minimum of $3,000,000.
Each Unit will consist of one common share and one-half of one share purchase warrant, with each full warrant entitling the holder to acquire one additional common share at a price of $3.50 per share for a period of 12 months 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.
About Aldridge Minerals Inc.
Aldridge Minerals Inc. is a Canadian-based junior mining company formed in 1994 as a minerals exploration company. Aldridge's current main project is the Yenipazar gold, silver, copper, lead, and zinc deposit in central Turkey, where the company has drilled 120 holes for resource definition since May 2007. The Company also holds the Derinkoy gold-silver exploration license in the Pontide copper-gold belt of NE Turkey. For further information, please visit www.aldridgeminerals.com.
About The Equicom Group Inc.
Equicom, a wholly-owned subsidiary of TSX Group Inc., is Canada's leading provider of investor relations and strategic corporate communications services. With proven expertise in developing and executing highly effective strategic communications programs, and an extensive network of investment community contacts, Equicom specializes in helping clients achieve their capital markets objectives. Equicom offers a comprehensive suite of services including: investor relations, media relations, annual report production, multimedia and web design, web casting, live event management and corporate branding. Equicom is headquartered in Toronto, with offices in Montreal and Calgary. For further information, please visit www.equicomgroup.com.
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information please contact:
Aldridge Minerals Inc.
President & Director
Tel. +1 (604) 737 2743
Blackberry +1 (604) 7653747
Fax +1 (604) 737 2743
15th Floor, 1040 West Georgia Street
Vancouver, B.C. V6E 4H8
The Equicom Group
Tel. +1 (416) 815-0700 x262