Aldershot Resources Ltd.
TSX VENTURE : ALZ

Aldershot Resources Ltd.

March 29, 2006 20:59 ET

Aldershot Resources Ltd.: Financing-Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 29, 2006) - Jeremy Caddy, President of Aldershot Resources Ltd. (the "Company") (TSX VENTURE:ALZ), is pleased to announce that the private placement announced on March 15, 2006 has been oversubscribed and the Company has successfully raised $1,500,000 through the issuance of 5,000,000 units at $0.30 per unit. Each unit will consist of one common share and one purchase warrant exercisable for two years at $0.35. The Company advises that none of the subscribers are insiders and the above transactions will not constitute a change of control, reverse take-over or new insider position.

The proceeds of the private placement will be used for exploration work the Company's uranium projects in Quebec, British Columbia and general working capital.

The terms of the financing are subject to regulatory approval.

ON BEHALF OF THE BOARD

ALDERSHOT RESOURCES LTD.

Jeremy Caddy, President and Director

This release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release.

Contact Information

  • Aldershot Resources Ltd.
    Jeremy Caddy
    President and Director
    (604) 682-6718
    (604) 682-6722 (FAX)