Aldridge
Minerals Inc.
Aldridge
Minerals Inc. Announces Terms Of Brokered Private Placement
Vancouver,
British Columbia � April 10, 2008: Aldridge Minerals Inc. (the �Company�) (TSX-V:
AGM, Frankfurt: A0CAPB) Aldridge Minerals Inc. ("Aldridge" or the
"Company") announced today that it has engaged Evergreen Capital
Partners Inc. (�Evergreen�) to complete a brokered private placement of
units ("Units") at a price of CAD $3.10 per Unit to raise gross
proceeds of up to CAD $7,000,000. The closing date of the private placement
is April 30, 2008.
Each Unit will consist
of one common share and one-half of one share purchase warrant, with each
full warrant entitling the holder to acquire one additional common share at
a price of CAD $4.00 per share for a period of 24 months from closing.
The proceeds of the
private placement will be used for continuing exploration and drill
programs on the Company's mineral properties in Turkey and for general
working capital purposes. The Company may pay a finder's fee incidental to
the financing in accordance with Exchange policies. The private placement
and payment of a finder's fee are subject to TSX Venture Exchange
acceptance.
About Aldridge
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 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,
Pr�sident & CEO
Aldridge Minerals Inc.
+1-604-737-2743
Jay Bedard
The Equicom Group
+1-416-815-0700 x 247
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