Aldridge Minerals Inc.

Published : December 22nd, 2008

Acquisition of Valhalla Resources Ltd. and its exploration property portfol

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Keywords :   Copper | Gold | Molybdenum | Nickel | Romania | Turkey | Uranium |
News from Aldridge Minerals

Acquisition of Valhalla Resources Ltd. and its exploration property portfolio in Turkey and
Romania
http://www.aldridge.com.tr/index.php?option=com_content&task=view&id=166
F�r die deutsche Version bitte auf das nachfolgende Link klicken
Acquisition of Valhalla Resources Ltd. and its exploration property portfolio in Turkey and
Romania
http://www.aldridge.com.tr/index.php?option=com_content&task=view&id=166〈=german

    

Vancouver, British Columbia - December 19, 2008: Dr. Hikmet Akin, President Of Aldridge
Minerals Inc. ("Aldridge" Or The "Company") Is Pleased To Announce That Aldridge Has
Entered Into A Merger Agreement With Valhalla Resources Ltd. ("Valhalla"), Whereby It Will
Acquire All Of The Shares Of Valhalla By Way Of A Three-cornered Amalgamation. Pursuant To
The Transaction, Each Valhalla Shareholder Will Receive One Unit Of Aldridge Per Share
Held In Valhalla, Each Unit Consisting Of 0.25 Of An Aldridge Common Share And 0.05 Of A
Share Purchase Warrant. Each Full Warrant Will Entitle The Holder To Acquire One Common
Share Of Aldridge At A Price Of $3.00 Per Share For A Period Of Two Years From The Closing
Of The Transaction. It Is Anticipated That 3,743,804 Common Shares And 748,760 Warrants
Will Be Issued Pursuant To This Transaction. Following The Completion Of The Amalgamation,
Valhalla Will Become A Wholly-owned Subsidiary Of Aldridge.

The Transaction Is Subject To Several Conditions Precedent, Including Shareholder
Approval By Valhalla, The Receipt Of Required Regulatory Approvals (including The TSX
Venture Exchange For The Securities Of Aldridge To Be Issued Pursuant To The Transaction),
Compliance With Covenants Of The Merger Agreement, Receipt Of Title Opinions For
Valhalla's Mineral Projects, No Material Change In The Affairs Of Aldridge Or Valhalla To
Have Occurred Up To The Effective Date Of The Amalgamation, As Well As Other Customary
Conditions For A Transaction Of This Nature. The Company Expects To Complete The
Amalgamation In Early 2009. There Is No Assurance At This Time That All Conditions
Precedent Will Be Satisfied Or Waived.

Valhalla Is A Privately Held Company With Several Mineral Exploration Projects In Turkey
And Romania. The Portfolio Consists Of Porphyry/skarn Copper And Epithermal Gold
Properties (two In Romania And Two In Turkey) And A Uranium Program In Romania Including
One License And Data For Other Potential Uranium Projects. The Copper And Gold Properties
Offer The Opportunity Of Establishing Promising Copper Prospects In Association With Gold
And Other Base Metals, Including Molybdenum. The Company Will Provide Additional Details
In Regard To These Properties As The Transaction Progresses.

"The Portfolio Of Valhalla Complements And Will Be A Good Addition To Aldridge's Existing
Program In Turkey, Which Includes The Yenipazar Precious And Base Metal Deposit, Nickel
And Uranium Properties" Said Dr. Akin.

The Company Would Also Like To Update Shareholders On The Previously Announced Spin-off
Transaction Involving Its Early Stage Uranium Mineral Projects In Turkey. Due To Market
Conditions The Completion Of The Spin-off Transaction Has Been Delayed And Is Now Expected
To Complete As Soon As Practicable Following The Closing Of The Acquisition Of Valhalla
Noted Above. As Part Of The Acquisition, Aldridge Will Acquire Valhalla's Uranium Program
Which Will Be Transferred To The Aldridge Uranium Spin-off Company.

About Aldridge Minerals

Aldridge Minerals Inc. Is Wholly 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 Prospective Nickel And Uranium Opportunities In
Turkey And Has Amassed A Large Nickel And Uranium Property Position In Turkey, Where A
Systematic Exploration Program Has Commenced.

Aldridge Minerals Inc.

"Signed"

_________________________________

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.

The TSX Venture Exchange Inc. Has Not Reviewed And Does Not Accept Responsibility For The
Adequacy Or Accuracy Of This Release.




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Data and Statistics for these countries : Romania | Turkey | All
Gold and Silver Prices for these countries : Romania | Turkey | All

Aldridge Minerals Inc.

EXPLORATION STAGE
CODE : AGM.V
ISIN : CA0144301029
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Aldridge Min. is a gold and silver exploration company based in Canada.

Aldridge Min. holds various exploration projects in Turkey.

Its main exploration properties are DERINKOY, YENIPAZAR, PAPUA and MURAT DAG in Turkey.

Aldridge Min. is listed in Canada and in Germany. Its market capitalisation is CA$ 10.2 millions as of today (US$ 7.5 millions, € 6.5 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 3.75, and its lowest recent point on June 22, 2018 at CA$ 0.05.

Aldridge Min. has 107 130 000 shares outstanding.

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Financings of Aldridge Minerals Inc.
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7/29/2008announces private placement
4/11/2008 Announces Terms Of Brokered Private Placement
2/12/2008announces proceeds of CAD 1.3 million from exercise of warra...
12/4/2007Completes Non-Brokered Private Placement
11/19/2007amends terms of non-brokered private placement
Option Grants of Aldridge Minerals Inc.
11/27/2013Aldridge - Aldridge Grants Options
4/9/2013Aldridge - Aldridge Grants Options
2/29/2012Aldridge Minerals grants options
6/16/2011Grants 400,000 options to two directors
Nominations of Aldridge Minerals Inc.
2/25/2008Appoints Charles M. Raymond to its Board of Directors
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Project news of Aldridge Minerals Inc.
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5/17/2013Aldridge - Aldridge Files NI 43-101 Technical Report for Yen...
2/15/2012(Yenipazar)Aldridge Minerals Discovers Additional Mineralization at Yen...
10/24/2011(Yenipazar)Aldridge Minerals Inc. Finds Significantly Higher Metal Grad...
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7/7/2008(Yenipazar)announces latest results from Yenipazar (VMS, Turkey) for in...
1/10/2008(Murat Dag)reports first results of nickel laterite drill campaign in W...
12/5/2007(Yenipazar)reports on drilling progress at Yenipazar deposit
11/12/2007(Yenipazar)reports on resource upgrade and enlargement at Yenipazar dep...
10/11/2007(Yenipazar)drills high-grade core at Yenipazar deposit - Intersects 34 ...
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5/13/2016Aldridge Reports Q1 2016 Financial Results and Provides a Co...
3/29/2016Aldridge Reports Year-End 2015 Financial Results and Provide...
12/15/2015Aldridge Grants Stock Options
9/25/2015Aldridge Announces Resignation of Vice President Project Dev...
7/16/2015Aldridge Receives Investment Incentive Certificates That Inc...
4/13/2015Cormark Securities Inc. Initiates Research Coverage on Aldri...
3/30/2015Aldridge to Attend Upcoming Investor Conferences
3/26/2015Aldridge Grants Stock Options
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2/23/2015Aldridge to Attend PDAC 2015 in Toronto, Canada March 1-2, 2...
1/14/2015Aldridge Hires Jaymes Dircks as EPC Director
1/12/2015Aldridge Hires Jaymes Dircks as EPC Director
1/8/2015Aldridge to Attend Cambridge Vancouver Resource Investment C...
12/20/2014Aldridge Grants Stock Options
12/19/2014Aldridge Grants Stock Options
11/17/2014Aldridge Awards Value Engineering & Construction Planning Co...
11/13/2014Aldridge Reports Q3 2014 Financial Results and Provides a Co...
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9/2/2014IIROC Trading Resumption - AGM
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11/15/2013Aldridge - Aldridge Files Q3 2013 Financial Statements
8/28/2013Aldridge - Aldridge Completes Yenipazar EIA Report
8/14/2013Aldridge - Aldridge Files Q2 2013 Financial Statements
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2/19/2013Aldridge - Aldridge Retains Cutfield Freeman to Aid in Secur...
12/12/2012Aldridge - IIROC Trading Resumption - AGM
11/1/2012Aldridge - Aldridge Retains Independent Trading Group As Mar...
7/6/2012(Papua)Aldridge Minerals to Exit Papua New Guinea
6/13/2012Aldridge - Aldridge Announces an Updated 43-101 Resource Est...
5/2/2012Aldridge - Aldridge Appoints Robbert Borst VP Project Develo...
3/13/2012Aldridge Minerals Receives Positive Recommendation from ISS ...
3/6/2012(Yenipazar)Aldridge Minerals Provides Yenipazar Feasibility Update - Mi...
2/27/2012Aldridge Minerals Announces Execution of Definitive Investme...
2/25/2012Aldridge Minerals Announces Filing of Annual Financials
2/7/2012Jacob Willoughby to Step Down as President and Director of A...
1/31/2012(Papua)Aldridge Minerals Reports Drill Results from its 100 % owned...
10/11/2011Aldridge Minerals Inc. Announces Infill Drill Results and Ex...
7/19/2011Aldridge Minerals Inc. Retains Renmark Financial Communicati...
6/24/2011ALDRIDGE MINERALS INC=2E ENGAGESJACOBS MINERALS CANADA INC=2...
6/21/2011ALDRIDGE MINERALS INC=2E APPOINTS CHIEF FINANCIAL OFFICER AN...
6/16/2011ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING AND GRANTS OPTIO...
12/22/2008Acquisition of Valhalla Resources Ltd. and its exploration p...
6/27/2008hires Swiss IR/PR Consulting Group
5/7/2008announces results of the 2008 annual and special meeting
11/7/2007 announces director resignation
6/2/2007Wins License for Laterite With Nickel Potential in Auction B...
3/14/2007Receives Positive Results on First Gravity Preconcentration ...
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