Aldrin Resource Corp.

TSX VENTURE : ALN


Aldrin Resource Corp.

December 31, 2013 16:01 ET

Aldrin Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 31, 2013) - Aldrin Resource Corp. ("Aldrin") (TSX VENTURE:ALN) is pleased to announce that it has closed its non-brokered private placement previously announced on December 23rd, 2013. The Company has raised $926,429.36 through the issuance of 9,751,888 flow through units at a price of $0.095 per unit with each unit being comprised of one flow through common share and a half warrant with each whole warrant being exercisable into one common share at $0.16 for a period of 18 months. All securities are subject to a four month hold expiring April 31st, 2014.

Proceeds from this financing will be used for drilling on its Triple M Property adjacent to the Fission PLS discovery in the Western Athabasca Basin.

About Aldrin Resource Corp.

Aldrin Resource Corporation is a Canadian-based uranium exploration and development company trading on the TSX Venture Exchange (symbol ALN). The company has assembled an exceptional exploration property portfolio in one of the most exciting uranium exploration regions in the world, the Paterson Lake District, Saskatchewan. Aldrin will continue to identify and target high-grade basement uranium deposits like those found in the Athabasca Basin.

ON BEHALF OF THE BOARD OF DIRECTORS

Johnathan More, President and CEO

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.
    604-687-7741
    604-662-3904 (FAX)