TORONTO, Nov. 1, 2012 /CNW/ - Aldridge Minerals Inc. (TSX Venture: AGM)
("Aldridge" or the "Company") is pleased to announce that it has
retained Independent Trading Group Inc. ("ITG") to provide market-making services, in accordance with TSX Venture
Exchange ("Exchange") policies. ITG will buy and sell shares of the
Company on the Exchange for the purpose of maintaining an orderly
trading market for the Company's shares.
The term of the agreement is one year, beginning November 1, 2012, at a
cost of $5,000 per month. ITG will not receive shares or options as
compensation. The Company and ITG are unrelated and unaffiliated
entities, but ITG may have acquired a direct interest in the Company's
shares. The agreement is subject to the approval of the Exchange.
ITG specializes in market making. ITG has been providing its market
making services to companies ranging from TSX Venture Exchange listed
companies to certain of Canada's largest publicly traded companies for
over 20 years.
ITG is a member of the Investment Industry Regulatory Organization of
Canada (IIROC), Canadian Investor Protection Fund (CIPF), and is a
member of all Canadian Stock Exchanges and Alternative Trading Systems.
For further information on ITG, please contact: 416.941.0046 or firstname.lastname@example.org
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.