New Issue: Albidon arranges $5.06 million private placements of shares

By Devika Patel

Knoxville, Tenn., Nov. 26 - Albidon Ltd. said it will raise $5.06 million from a private placement of stock.

The company will sell 19,469,750 shares at $0.26 apiece to Jinchuan Group Ltd.

Proceeds will provide additional working capital.

Albidon is a mineral exploration and development company based in West Perth, Australia.

Issuer:	Albidon Ltd.
Issue:	Shares
Amount:	$5,062,135
Shares:	19,469,750
Price:	$0.26
Warrants:	No
Investor:	Jinchuan Group Ltd.
Settlement date:	Nov. 26
Stock symbol:	Australia: ALB
Stock price:	A$0.26 at close Nov. 26

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