Aldrin Resource Corp.
TSX VENTURE : ALN

Aldrin Resource Corp.

October 30, 2013 09:15 ET

Aldrin Appoints Mr.Edward Marlow to Board of Directors and Increases Financing to $1,500,000

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 30, 2013) - Aldrin Resource Corp. ("Aldrin") (TSX VENTURE:ALN) is very pleased to announce the appointment of Mr. Edward Marlow to its Board of Directors. Mr. Marlow was most recently a Managing Director at Credit Suisse, he founded and ran the African Principal Investments Business at HSBC and was also the Global Head of Principal Investment coverage. In his prior years, Mr. Marlow worked for Insinger de Beaufort, UBS and Citigroup. Before entering banking he was an officer in the British Army. Mr. Marlow is currently the Chief Executive Officer of African Potash Limited, Chairman of Sanatana Resources Inc and a non-executive Director of Thor Explorations Inc. He was one of the founding advisory board members of Hathor Exploration before and after the Roughrider Discovery which was acquired by Rio Tinto plc in 2011 for $654 million. Additionally, Mr. Marlow was formerly a non-executive Director of ESO Uranium now Alpha Minerals Inc., which is a 50/50 JV Partner with Fission Uranium in the spectacular Patterson Lake Uranium Discovery. Mr. Marlow holds an MBA degree from Cranfield University and a post-graduate diploma in Law from the University of Northumbria. He is a graduate of Manchester University, RMA Sandhurst and of the US Army Command and General Staff College. Mr. Marlow resides in London, United Kingdom.

Aldrin's President and CEO Johnathan More states, "We are thrilled to have Mr. Marlow join our Board of Directors. His past success with Hathor Exploration from its inception to its $654 million sale to Rio Tinto, as well as his early involvement with Alpha Minerals Inc.'s Patterson Lake project greatly enhances the depth of our Board of Directors."

Concurrent with Mr. Marlow's appointment, Aldrin is pleased to announce the increase in its recently announced private placement from $1 million to $1.5 million. The financing is comprised of units at $0.10 per unit. Each unit is comprised of one common share and one warrant. Each whole warrant will entitle the holder to purchase an additional common share of Aldrin at $0.20 for one year from the date of closing.

ON BEHALF OF THE BOARD OF DIRECTORS

Johnathan More, CEO and Director

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

  • Aldrin Resource Corp.
    Johnathan More
    CEO and Director
    604-687-7741
    604-662-3904 (FAX)