Alder Resources Ltd.

April 15, 2010 17:52 ET

Alder Resources Announces Private Placement Financing

TORONTO, ONTARIO--(Marketwire - April 15, 2010) - Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) is pleased to announce that it intends to complete a non-brokered private placement financing of 12,000,000 common shares of the Company ("Shares") at a price of $.25 per Share, for gross proceeds of $3,000,000.

The Company intends to use the net proceeds to finance work on the La Montanita gold property in Colombia - which was the subject of the Company's News Release dated April 7, 2010, as well as other property acquisitions in Colombia.

The Company may pay finder's fees in connection with the financing.

The Shares will be subject to statutory resale restrictions. Closing of the financing is subject to receipt of TSX Venture Exchange approval.

Finder's fees consisting of 200,000 shares of the Company will be issued to each of two individuals who assisted the Company in signing the Letter of Intent on the La Montanita gold property as announced April 7, 2010.

Alder is a mineral resource company focused on the acquisition and development of world class mineral properties.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.

Contact Information

  • Alder Resources Ltd.
    Bruce Ford
    Director and President
    (416) 300-8023