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Aldrin Resource Corp.

Published : February 19th, 2014

Announces Up to $750,000 Non-Brokered Private Placement and $350,000 Flow-Through Private Placement

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Aldrin Announces Up to $750,000 Non-Brokered Private Placement and $350,000 Flow-Through Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 19, 2014) - Aldrin Resource Corp. ("Aldrin") (TSX VENTURE:ALN) announces a non-brokered private placement of units at $0.055 per unit of up to $750,000 (the "Financing"). Each unit will be comprised of one common share and one half share purchase warrant. Each full warrant is exercisable into one additional Aldrin common share at $0.10 per share for a period of 24 months from closing.

Aldrin also announces a $350,000 non-brokered flow-through private placement of units at $0.075 per unit (the "FT Financing"). Each unit will be comprised of one flow-through common share and one half share purchase warrant. Each full warrant is exercisable into one additional Aldrin common share at $0.14 per share for a period of 24 months from closing.

Exercise of all warrants issued under the Financing and FT Financing may be accelerated at Aldrin's discretion in the event Aldrin's common shares close at a price of $0.18 or higher on 20 consecutive days trading days during the exercise term of the warrants. Accelerated exercise requires 30 days notice to warrant holders and will not be effective until all hold periods on the warrants and underlying shares have expired.

Proceeds of the Financing and FT Financing will be used to expand Aldrin's 2014 drilling program on its Triple M Property. Aldrin will pay a cash commission of eight percent (8%) of the proceeds raised and warrants equal to eight percent (8%) of the number of units which are placed by agents who assist with the Financing and FT Financing.

All securities issued on the proposed private placement will be subject to a four month hold period. Aldrin management may participate in the Financing and FT Financing. Not more than 20% of the private placement will be subscribed for by non-arm's length parties. The Financing and FT Financing are subject to TSX Venture Exchange approval. The private placements 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.

Aldrin Resource Corp.
(604) 687-7741 begin_of_the_skype_highlighting (604) 687-7741 FREE  end_of_the_skype_highlighting
(604) 681-0796 begin_of_the_skype_highlighting (604) 681-0796 FREE  end_of_the_skype_highlighting

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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