Aldrin Provides Corporate Update
Published : September 07, 2012
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Keywords :   Debt | Market | Oil |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 7, 2012) - Aldrin Resource Corp. (News - Market indicators) ("Aldrin") wishes to provide an update to shareholders on its evolving strategic resource direction. As previously announced in early 2012, the Board of Directors decided to alter Aldrin's resource strategy. This was done following careful deliberation and assessment of where investment return to shareholders could best be optimized. Accordingly, and in the best interests of all shareholders, Aldrin stopped the development of its hard rock Yukon Territory projects and ceased further development of certain Nevada hard rock mining prospects.

For the past nine months we have been embarking in a new direction within the resource sector. To further strengthen Aldrin's ability to execute and succeed in this, we have been pleased to announce in January and July of 2012, the addition of two new board members with extensive operational and governance experience in the oil and gas sector. Aldrin is currently in the process of evaluating and carrying out due diligence on several advanced stage oil and gas projects within North America. When Aldrin has completed these assessments and evaluative work, we anticipate making further clarifying announcements to the shareholders including all details of any new project(s).

As Aldrin enters this new phase of strategy we continue to have no debt and a strong balance sheet with a cash position in excess of $1 million.

Aldrin is a Canadian-based resource exploration company trading on the TSX Venture Exchange that operates in the resource exploration sector of North America.

ON BEHALF OF THE BOARD OF DIRECTORS

Robert Dardi, Chairman and Director

Issued Share Capital: 40,050,000

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.
Robert Dardi
Chairman and Director
604-687-7741
604-662-3904 (FAX)

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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