Non-brokered offering sells stock at C$0.70 per share to ANT Holding
By Devika Patel
Knoxville, Tenn., Feb. 8 - Aldridge Minerals Inc. said it will conduct an C$11.2 million non-brokered private placement of stock.
The company will sell 16 million common shares at C$0.70 apiece to ANT Holding Anonim Sti. The price per share is a 16.67% premium to the Feb. 7 closing share price, C$0.60.
Proceeds will be used to complete the Yenipazar feasibility study.
Aldridge is a gold and base metals exploration company based in Toronto.
| Issuer: | Aldridge Minerals Inc.
|
| Issue: | Common shares
|
| Amount: | C$11.2 million
|
| Shares: | 16 million
|
| Price: | C$0.70
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | ANT Holding Anonim Sti
|
| Pricing date: | Feb. 8
|
| Stock symbol: | TSX Venture: AGM
|
| Stock price: | C$0.60 at close Feb. 7
|
| Market capitalization: | C$24.11 million
|
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