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Aldridge Minerals Inc.

Published : March 28th, 2012

Aldridge Minerals announces shareholder approval of the ANT Holdings Private Placement and the resul

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Aldridge Minerals announces shareholder approval of the ANT Holdings Private Placement and the results of its Annual and Special Meeting

Aldridge Minerals Inc. (TSXV: AGM) ("Aldridge" or the "Company") is pleased to announce the results of its Annual and Special Meeting of shareholders (the "Meeting") held yesterday.

Private Placement
Aldridge is pleased to announce that the Company's shareholders have voted overwhelmingly in favour of approving the investment by ANT Holding Anonim Sti ("ANT") by which ANT will purchase 16,000,000 common shares of the Company ("Shares") at a price of $0.70 per Share for gross proceeds of $11,200,000 (the "Private Placement") (see news release dated February 27, 2012). Upon closing of the Private Placement, ANT will hold approximately 30.1% of the Company's outstanding Shares. The Company's Shareholder Rights Plan has been waived in respect of this transaction and otherwise remains in effect. Closing of the Private Placement is expected to occur shortly after final approval of the Toronto Venture Exchange.

Mario Caron, President & CEO, commented, "I am delighted that 100% of the votes cast by shareholders were in favour of the Private Placement with ANT. The Private Placement is the first step in forming a strong relationship with a strategic Turkish partner that will assist us in developing the Yenipazar project in a timely fashion."

Election of Directors
The number of directors has been set at nine and includes the election of Mario Caron, John Cook, Daniella Dimitrov, Ed Guimaraes, Barry Hildred, Martin Oczlon, Meric Oktar, Ahmet Tacyildiz, and Hande Tacyildiz.

Appointment of Auditor
PricewaterhouseCoopers LLP, Chartered Accountants, has been re-appointed as auditor of the Company for the ensuing year and the board of directors has been authorized to fix their remuneration.

Investor Relations Agreements
The Company also announces that its agreements with Renmark Financial Communications Inc. and Profinnotiv AG were terminated effective December 31, 2011 and February 29, 2012 respectively.

About Aldridge Minerals Inc.

Aldridge is a publicly-traded junior exploration company focussed on advancing its flagship Yenipazar polymetallic VMS deposit (Au, Ag, Cu, Pb, Zn) in Turkey with a feasibility study, which is building on its December 2010 Technical Report and Preliminary Economic Assessment. The feasibility study is expected to be completed by the end of 2012. 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.

Aldridge also holds a 338 square kilometre exploration license in Papua New Guinea known as Kili Teke. The license area is prospective for gold, silver and copper.

Additional information and corporate documents may be found on www.sedar.com and the Company's 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, the fact that completion of the Private Placement is subject to a number of customary closing conditions, including receipt of the approval of the Toronto Venture Exchange, economic performance, future plans and objectives of the Company and the other factors discussed under the heading "Risk Factors" in the Company's Management's Discussion and Analysis for the year ended November 30, 2011 and in other continuous disclosure filings made by the Company with Canadian securities regulatory authorities and available at www.sedar.com. 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.

Data and Statistics for these countries : Guinea | New Guinea | Papua New Guinea | Turkey | All
Gold and Silver Prices for these countries : Guinea | New Guinea | Papua New Guinea | 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.
8/29/2016Aldridge Minerals Provides Financing Update
7/28/2016Aldridge Minerals Provides Financing Update
2/22/2013Aldridge Minerals Closes Previously Announced Non-Brokered F...
2/14/2013Aldridge Minerals Closes Previously Announced Financing
12/12/2012Aldridge Minerals Announces $10.5 Million Underwritten Priva...
4/27/2012Aldridge - Aldridge Announces Closing of the Private Placeme...
3/28/2012Aldridge Minerals announces shareholder approval of the ANT ...
2/8/2012Aldridge - Aldridge Announces $11.2 Million Private Placemen...
9/15/2008announces Proceeds of CAD $3.36 million from Private Placeme...
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
Financials of Aldridge Minerals Inc.
10/19/2012Aldridge - Aldridge Reports Third Quarter 2012 Financial Res...
7/20/2012Aldridge Minerals Reports Second Quarter 2012 Financial Resu...
Project news of Aldridge Minerals Inc.
6/17/2013Aldridge - Aldridge Earns 100% Interest In Yenipazar
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...
6/10/2009(Derinkoy)Arranges Joint Venture for Derinkoy Properties
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 ...
Corporate news of Aldridge Minerals Inc.
6/29/2016Aldridge Announces Results of Annual Shareholders Meeting
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
3/24/2015Aldridge Reports Year-End 2014 Financial Results and Provide...
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...
9/26/2014Aldridge Closes US$45 Million Financing with Orion Mine Fina...
9/2/2014IIROC Trading Resumption - AGM
9/2/2014Aldridge Reports Q2 2014 Financial Results and Provides a Co...
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
7/16/2013Aldridge - Aldridge Announces Leadership Change
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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