|
Aldridge
Minerals Inc.
Aldridge
Minerals Appoints Charles M. Raymond to its Board of Directors
VANCOUVER, Feb. 22, 2008 - Aldridge
Minerals Inc. (the "Company") (TSX-V: AGM, Frankfurt: A0CAPB)
announced today that it has appointed Mr. Charles M. Raymond to its Board
of Directors. Mr. Raymond, MBA, was most recently the Chairman and CEO of
Rainy River Resources Ltd. and has over 30 years of senior management and
venture capital experience in various industries including mining and oil
and gas exploration.
He served as President
and Director of St. Phillips Resources Inc. from 1988 to 1993 during which
time St. Phillips partnered with Rio Algom Ltd. and El Condor Resources
Inc. to develop the Kemess Mine in B.C., Canada. Kemess today is a large
open pit operation producing approximately 300,000 oz of gold and 75 M lb
(34,000 t) of copper per year.
Mr. Raymond has acted
as an advisor to a number of publicly traded companies and financial
institutions specializing in initial public offerings, corporate
restructurings and business negotiations. He currently serves as President
of CMR Capital Corp., a corporate consulting firm.
Aldridge President and Director, Dr. Hikmet Akin, welcomes Mr. Raymond
and said, "The wealth of experience Mr. Raymond brings to the Aldridge
Board will provide invaluable expertise to the Company."
The Company further announces a grant of stock options to Mr. Raymond to
purchase an aggregate total of 152,000 common shares in the capital of
Aldridge in two tranches. The first installment consists of 37,000 options
to be issued at $ 2.40 per common share (being the closing price of the Company's
shares on February 19, 2008). The second installment of 115,000 options
shall be granted as soon as further options are available to the company
and with an exercise price corresponding to the closing price of the
Company's common shares on the Exchange on that day. The options are
granted pursuant to the terms of Aldridge's Stock Option Plan and any
common shares issued are subject to a four month hold period in accordance
to the policies of the TSX Venture Exchange.
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. A
Preliminary Economic Assessment as well as an updated resource calculation
are scheduled for mid-2008; subject to the determined size of the deposit
and the progress of the resource definition drilling.
Aldridge has also identified several prospective nickel and uranium
opportunities in Turkey and has amassed a large nickel property position
where a systematic development program has commenced.
On behalf of the Board of Directors
"Signed"
-------------------------------------
DR. HIKMET AKIN
President and a director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
For further information:
Dr. Hikmet Akin, President & CEO, Aldridge Minerals Inc., (604)
737-2743
Martti Kangas, The Equicom Group, (416) 815-0700 x 243
Powered by AXINO
Mailservice
This mail distribution is a service of AXINO AG, Stuttgart on behalf of
Aldridge Minerals Inc., Vancouver, Canada. This message is for information
purposes only. AXINO AG does not take any liability for the correctness of
the information sent. Recipients, that make investment decisions or
transactions, are completely acting on their on responsibility.
|