New Issue: Aldridge Minerals wraps C$2.09 million private placement of units

By Devika Patel

Knoxville, Tenn., Nov. 3 - Aldridge Minerals Inc. said it settled a C$2.09 million private placement of units. The deal, conducted with Advice Portfolio Management GMBH, priced on Nov. 3 for C$3 million.

The company sold 758,500 units at C$2.75 apiece. Each unit consists of one common share and one warrant. Each warrant is exercisable at C$3.40 for two years.

Aldridge is a gold and base metals exploration company based in Vancouver, B.C.

Issuer:	Aldridge Minerals Inc.
Issue:	Units of one share and one warrant
Amount:	C$2,085,875
Units:	758,500
Price:	C$2.75
Warrants:	One warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$3.40
Agent:	Advice Portfolio Management GMBH
Pricing date:	Nov. 3
Settlement date:	Nov. 19
Stock symbol:	TSX Venture: AGM
Stock price:	C$2.70 at close on Oct. 31

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