By Devika Patel
Knoxville, Tenn., Nov. 3 - Aldridge Minerals Inc. announced that it has finalized discussions with Advice Portfolio Management GMBH to complete a C$3 million private placement of units.
The company will sell the units at C$2.75 apiece. Each unit consists of one common share and one warrant. Each warrant is exercisable at C$3.40 for two years.
Aldridge is a gold and base metals exploration company based in Vancouver, B.C.
Issuer: | Aldridge Minerals Inc.
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Issue: | Units of one share and one warrant
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Amount: | C$5 million
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Price: | C$2.75
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$3.40
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Agent: | Advice Portfolio Management GMBH
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Pricing date: | Nov. 3
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Stock symbol: | TSX Venture: AGM
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Stock price: | C$2.70 at close on Oct. 31
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