TORONTO, Oct. 19, 2012 /CNW/ - Aldridge Minerals Inc. (TSX Venture: AGM)
("Aldridge" or the "Company") is pleased to announce the filing of its
unaudited condensed consolidated financial statements and management's
discussion & analysis for the three and nine months ended August 31,
2012 (the "Financial Statements" and the "MD&A", respectively). The
Financial Statements and the MD&A are posted on SEDAR at www.sedar.com and on the Company's website at www.aldridgeminerals.ca.
Change of Financial Year End
The Company has changed its financial year end from November 30 to
December 31, effective for the year ending December 31, 2012. The year
end change was made to align the year end of the Company with the year
end of its wholly-owned subsidiary Aldridge Mineral Madencilik Ltd.
Sti., which is required by the laws of Turkey to have its fiscal year
end on December 31. This change requires the Company to have a
transition year with a thirteen month period ending December 31, 2012
with comparatives for the twelve month period ended November 30, 2011.
About Aldridge Minerals Inc.
Aldridge is a near development stage mining company focused on advancing
its Yenipazar polymetallic VMS deposit (Au, Ag, Cu, Pb, Zn) in Turkey -
a country that is committed to developing its natural resources and is
rapidly emerging as an economic powerhouse. Aldridge is currently
building on its December 2010 Preliminary Economic Assessment with a
feasibility study that we expect to complete in March 2013. The
Yenipazar deposit is subject to an earn-in agreement with Alacer Gold
Corp., wherein Aldridge can earn a 100% working interest subject to
certain conditions, subject to a 6% net profit interest ("NPI",
revenues less operational costs) until revenues of US$165 million are
generated, and a 10% NPI from there on.
Additional information and corporate documents may be found on www.sedar.com and the Aldridge website, www.aldridgeminerals.ca.
Caution Regarding Forward-Looking Information
This news release includes certain forward-looking statements within the
meaning of Canadian securities laws. Forward-looking statements involve
risks, uncertainties and other factors that could cause actual results,
performance, prospects and opportunities to differ materially from
those expressed in such forward-looking statements. Forward-looking
statements in this news release, include, but are not limited to,
economic performance and future plans and objectives of Aldridge. Any
number of important factors could cause actual results to differ
materially from these forward-looking statements as well as future
results. Although Aldridge believes that the assumptions and factors
used in making the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply as
of the date of this new release, and no assurance can be given that
such events will occur in the disclosed timeframes or at all. Aldridge
disclaims any intention or obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.