Business & Finance
Business and Finance
Business and Finance
Wed, September 9, 2009
Tue, September 8, 2009 Aldridge Minerals Inc.: Aldridge Announces Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2009) - Aldridge Minerals Inc. (TSX VENTURE:AGM)(FRANKFURT:A0CAPB) ("Aldridge" or the "Company") is pleased to announce that the Company is finalizing a non-brokered private placement to raise up to CAD $1,000,000. The private placement will consist of units ("Units") at a price of CAD $1.24 per Unit. Each Unit will consist of one common share and one half share purchase warrant. Every two half warrants entitling the holder to acquire one additional common share at a price of CAD $1.55 for a period of 24 months from closing. The private placement is subject to the approval of the TSX Venture Exchange. The proceeds from the private placement will be used for general working capital.
About Aldridge Minerals
Aldridge Minerals Inc. is mainly focused on mineral opportunities in Turkey where the Company is conducting an ambitious exploration and development program at its flagship Yenipazar polymetallic VMS project.
Aldridge has also identified several other prospective opportunities in Turkey and has amassed a large property position where a systematic exploration program is underway.
On behalf of the Board of Directors
DR. HIKMET AKIN, President and Director
Forward-Looking Statements:
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
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.
