By Devika Patel
Knoxville, Tenn., Sept. 23 - Aldridge Minerals Inc. announced that it has revised the terms for a C$1 million non-brokered private placement of units. The deal priced Sept. 8.
The company will now sell 833,333 units at C$1.20 apiece. Each unit consists of one common share and one warrant. Each warrant is exercisable at C$1.50 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$1 million
|
| Units: | 833,333
|
| Price: | C$1.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.50
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 8
|
| Amended: | Sept. 24
|
| Stock symbol: | TSX Venture: AGM
|
| Stock price: | C$1.55 at close on Sept. 4
|
| Market capitalization: | C$40.7 million
|
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