Alder Announces Up to $1 Million Private Placement of Units
Published : January 14, 2013
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TORONTO, ONTARIO--(Marketwire - Jan. 14, 2013) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Alder Resources Ltd. ("Alder" or the "Company") (News - Market indicators) intends to complete a non-brokered private placement financing of up to 13,333,333 units (the "Units") at a price of $0.075 per Unit for gross proceeds of up to $1,000,000 (the "Offering"). Each Unit will be comprised of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one common share of the Company at an exercise price of $0.10 per common share for a period of 24 months following the closing date of the Offering.

The Closing Date of the Offering is scheduled to occur on or about February 15, 2013. All securities issued will be subject to a hold period of four months and one day. The Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals.

The gross proceeds of the Offering will be used to fund the drilling of the high grade copper-gold-silver mineralization that was discovered by exploration activities of the Company over the past year and for general corporate purposes.

Upon the closing of the Offering, Alder may pay to eligible finders in accordance with the policies of the TSX Venture Exchange finders' fees in cash, warrants or any combination thereof.

About Alder Resources Ltd.

Alder is a resource company focused on the development of gold and base metal projects throughout the Americas. Alder's principal asset is its option to earn a 65% interest in the high priority Cu-Au-Ag porphyry/skarn system at Rosita in Nicaragua located 275 kilometres northeast of Managua. The company has a National Instrument 43-101 compliant Inferred mineral stock pile resource of 7.95 million tonnes grading 0.62% Cu, 0.46 g/t Au and 9.21 g/t Ag with numerous zones that have good near term potential to add to and enhance these resources. See the technical report entitled "Rosita Cu-Au-Ag Project, RAAN, Nicaragua, NI 43-101 Technical Report on Mineral Resource Estimate of Rosita Stockpiles" effective as of May 8, 2012, which is available under the Company's profile at www.sedar.com.

Alder intends to continue to build its property position with strategic acquisitions. 

For additional information, please visit our website at www.alderresources.ca and follow us on Facebook and Twitter: @AlderResources.

Qualified Person

Joseph Arengi, M. Sc., P. Geo., President and Chief Executive Officer of Alder and a qualified person as defined by NI 43-101, has reviewed and approved the scientific and technical content of this news release.

Alder Resources Ltd.

Joseph Arengi, President & CEO   

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the terms and conditions of the Offering, the expected closing date and use of proceeds of the Offering and the Company's plans to build its property position with strategic acquisitions. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Alder, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Alder has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Alder does not undertake to update any forward-looking information, except in accordance with applicable securities laws.     

NEITHER 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.

Alder Resources Ltd.
Michael McAllister
416-309-2134
info@alderresources.ca
www.alderresources.ca
Data and Statistics for these countries : Nicaragua | All
Gold and Silver Prices for these countries : Nicaragua | All

Alder Resources Ltd.

EXPLORATION STAGE
CODE : ALR.V
ISIN : CA0143421091
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Alder Resources is a exploration company based in Canada.

Its main exploration properties are CANADIAN CREEK in Canada and LA MONTANITA in Colombia.

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Financings of Alder Resources Ltd.
2/19/2015Enters Into Convertible Debenture Agreement
Nominations of Alder Resources Ltd.
3/19/2013Strengthens Board of Directors With Appointment of Keith Ste...
Project news of Alder Resources Ltd.
7/24/2015Midlands Minerals Corporation completes acquisition of Alder...
3/1/2012Announces Assay Results on the Rosita D - Concessions, Under...
Corporate news of Alder Resources Ltd.
7/24/2015IIROC Trading Halt - MEX; ALR
7/10/2015Midlands Minerals Corporation and Alder Resources Ltd. Provi...
7/8/2015Alder Shareholders Approve Acquisition of Alder Resources Lt...
3/4/2015Alder Enters Into Convertible Debenture Agreement
3/3/2015Alder Completes Shares for Debt Settlement
2/26/2015Alder Completes Shares for Debt Settlement
2/19/2015Alder Enters Into Convertible Debenture Agreement
2/14/2015Alder Discovers New Surface Enriched Copper Mineralization a...
11/5/2014Alder Reports Encouraging Copper and Gold Metallurgical Reco...
7/29/2014Alder Sells 0.5% NSR to Forbes & Manhattan and Initiates Met...
9/4/2013Sampling Identifies New Gold Zone at Rosita Project, Nicarag...
5/7/2013Provides Update for Its Rosita Project, Nicaragua
4/5/2013Announces Continuance Into Ontario
2/14/2013Sampling Returns 4.46% Copper, 10.84 G/T Gold and 97.4 G/T S...
1/30/2013Adopts Advance Notice Policy
1/14/2013Announces Up to $1 Million Private Placement of Units
1/9/2013Trenching Returns Exceptional Results at Rosita Project, Nor...
11/1/2012Provides Exploration Update for Its Rosita Project, Nicaragu...
9/11/2012Drilling Returns 10 Metres Grading 1.42% Copper, 0.18 g/t Go...
9/6/2012Calibre's Joint Venture Partner Alder Resources Discovers Bo...
4/19/2011(La Montanita)s Program at La Montanita and Provides Corporate Update
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