Aldrin Resource Corp.

Published : November 19th, 2014

Aldrin Announces $450,000 Non-Brokered Private Placement and Share Consolidation

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Aldrin Announces $450,000 Non-Brokered Private Placement and Share Consolidation

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 19, 2014) - Aldrin Resource Corp. ("Aldrin") (TSX VENTURE:ALN) announces that it is proceeding with a $450,000 non-brokered private placement (the "Offering") of flow through shares and non-flow through units. Flow-through shares are being offered at $0.042 per share and non-flow through units are being offered at $0.03 per unit. Each non-flow through unit will be comprised of one common share and one share purchase warrant. Each full warrant is exercisable into one additional common share at $0.055 per share for a period of 24 months from closing. Aldrin's insiders are subscribing for $150,000 of non-flow through units. Proceeds of the Offering will be used for working capital and general and administrative expenses.

Finder's fees on the gross proceeds of the Offering may be paid.

Aldrin's Board of Directors has approved a six for one consolidation of Aldrin's common shares. The Board of Directors deems the consolidation to be necessary in order to attract capital and provide value for future acquisitions. The Offering will be closed on a post-consolidated basis. Aldrin's post-consolidated issued share capital will be 19,858,570 common shares. An additional 1,111,111 non-flow through shares and 992,063 flow-through shares will be issued on a post consolidated basis pursuant to the Offering. Aldrin will not effect a name change as part of the consolidation.

All securities issued on the proposed private placement will be subject to a four month hold period. The private placement and consolidation are subject to TSX Venture Exchange approval. The private placement will not result in a change of control of Aldrin.

ON BEHALF OF THE BOARD

Johnathan More, CEO and Director

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.

Read the rest of the article at finance.yahoo.com

Aldrin Resource Corp.

EXPLORATION STAGE
CODE : ALN.V
ISIN : CA0144311002
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Aldrin Resource is a exploration company based in Canada.

Its main exploration properties are KEYSTONE, LONGLINE, BREW and IND in Canada.

Aldrin Resource is listed in Canada. Its market capitalisation is CA$ 4.5 millions as of today (US$ 3.4 millions, € 3.2 millions).

Its stock quote reached its highest recent level on June 04, 2010 at CA$ 5.94, and its lowest recent point on November 17, 2016 at CA$ 0.07.

Aldrin Resource has 47 390 000 shares outstanding.

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Financings of Aldrin Resource Corp.
2/19/2014Announces Up to $750,000 Non-Brokered Private Placement and ...
Nominations of Aldrin Resource Corp.
9/24/2013Appoints Mr. Thomas S. Drolet
9/17/2013Appoints Mr. Bryan Trottier to Advisory Board
9/5/2013Appoints Mr. Graydon Kowal to Board of Directors
Project news of Aldrin Resource Corp.
4/7/2011(Brew)Expedition Announces Exploration Program on the Brew Propert...
Corporate news of Aldrin Resource Corp.
9/30/2015Aldrin Provides Update on New Discoveries in the Triple M Pr...
9/17/2015Aldrin Appoints New Director
2/10/2015Aldrin Partners With Take-Over Target Fission Energy
2/9/2015Randhawa Joins Board of Aldrin
2/5/2015to Acquire 50% of Fission 3.0's Key Lake Package for $6.9M S...
2/5/2015Aldrin to Acquire 50% of Fission 3.0's Key Lake Package for ...
11/25/2014Aldrin Announces Exploration Plans on the Anticline Target
11/19/2014Aldrin Announces $450,000 Non-Brokered Private Placement and...
8/14/2014Aldrin Announces Director Appointment
7/31/2014Aldrin Announces Exploration Plans on the Anticline Target
6/27/2014Aldrin Announces Uranium Laboratory Analytical Results on th...
6/19/2014Aldrin Intersects Additional Elevated Radiation on the Antic...
5/29/2014IIROC Trading Resumption - ALN
5/29/2014Aldrin Discovers Significant Radioactive Mineralization in F...
5/28/2014IIROC Trading Halt - ALN
5/13/2014Aldrin Resumes Drilling on the Triple M Uranium Property
5/2/2014Aldrin Announces Director Changes and Grant of Stock Options
4/22/2014Aldrin Provides Drilling Update-Strong Alteration and Graphi...
4/10/2014Aldrin Announces Director Resignation
3/25/2014Aldrin Commences Drill Program
3/24/2014Aldrin Announces $500,000 Non-Brokered Private Placement
10/30/2013Appoints Mr.Edward Marlow to Board of Directors and Increase...
8/20/2013Commences Field Work on the Triple M Property Adjacent to Pa...
8/1/2013Appoints Harrison Cookenboo, Ph.D., P.Geo., as Vice Presiden...
7/24/2013Commences Airborne Radiometrics Survey, and Completes VTEM I...
7/19/2013Closes Private Placement Financing and Acquisition of Triple...
6/18/2013Discovers 2 Basement Conductive Trends on the Triple M Prope...
6/12/2013Adds Infill Lines to Ongoing Airborne Geophysical Survey at ...
5/28/2013Commences Airborne Magnetic and Electro Magnetic Survey at P...
4/15/2013Acquires Large Uranium Property Along Strike and Adjacent to...
9/7/2012Provides Corporate Update
6/24/2011(Ind)Reports on Trench Expansion at IND Project-Reacquires 100% I...
4/13/2011Announces Expansion Into Nevada Exploration
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