Online:
Visits:
Stories:
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Aldridge Minerals plans to raise up to C$10mln via a private placement to fund completion of the Yenipazar Project land acquisition

Friday, February 17, 2017 6:28
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Turkey-focused mines developer Aldridge Minerals Inc. (TSX-V:AGM) has unveiled plans to raise up to C$10mln via a private placement of shares to fund the completion of the Yenipazar Project land acquisition process, progress project development and for general corporate purposes.

Aldridge has engaged a syndicate of agents, led by Scotiabank and including Sprott Capital to market the units, on a best efforts basis, which will be comprised of common shares and common share purchase warrants of the company.

The group said existing shareholders holding approximately 41% of the company’s common shares have advised that they intend to participate in the offering.

It said the offering will be priced in the context of the market with the final terms, including the composition of the units, to be determined at the time of pricing.

The closing of the offering is anticipated to occur mid-March.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/173334/aldridge-minerals-plans-to-raise-up-to-c10mln-via-a-private-placement-to-fund-completion-of-the-yenipazar-project-land-acquisition-173334.html

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.