By Devika Patel
Knoxville, Tenn., Oct. 15 - Alder Resources Ltd. said it will raise C$1 million in a private placement of units.
The company will sell 6,666,667 units at C$0.15 apiece on a best-efforts basis. Each unit consists of one common share and one warrant. Each warrant will be exercisable at C$0.25 for two years.
Delano Capital Corp. is the agent.
Alder Resources is a natural gas company in Vancouver, B.C.
| Issuer: | Alder Resources Ltd.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 6,666,667
|
| Price: | C$0.15
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25
|
| Agent: | Delano Capital Corp.
|
| Pricing date: | Oct. 15
|
| Stock symbol: | TSX Venture: ALR
|
| Stock price: | C$0.20 at close Oct. 14
|
| Market capitalization: | C$2.28 million
|
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