CALGARY, ALBERTA--(Marketwired - Aug. 24, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
On August 23, 2016, Jeremy Caddy indirectly acquired 2,964,958 common shares ("Common Shares") of Aldershot Resources Ltd. (the "Issuer") through his wholly owned company, Nordelph Holdings Ltd. ("Nordelph") pursuant to an issuance of shares for debt. The deemed price per security was $0.05 per share for total consideration of $148,247.92.
Immediately prior to the acquisition, Mr. Caddy held, directly and indirectly, 13,179,184 Common Shares representing 41.25% of the issued and outstanding Common Shares.
As of the date hereof, Mr. Caddy held, directly and indirectly, 16,144,142 Common Shares representing 44.60% of the issued and outstanding Common Shares.
Mr. Caddy's acquisition of the Common Shares was made in lieu of repayment of a loan made to the Issuer by Mr. Caddy and Mr. Caddy intends to increase or decrease his holdings in the Issuer depending on market conditions and as circumstances warrant.
A report respecting this acquisition will be filed with the applicable securities commissions using the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) and will be available for viewing on the Issuer's profile at www.sedar.com.
Neither 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.
Not for distribution to United States news wire services or dissemination in the United States.
Contact Information:
President, Chief Executive Officer and a Director
jcc4tlx@intergate.ca