Alderon Iron Ore arranges C$13.02 million private placement of stock

Offering with Liberty Metals & Mining comprised of 3,805,576 shares

By Devika Patel

Knoxville, Tenn., May 30 - Alderon Iron Ore Corp. said it plans a C$13.02 million private placement of stock with Liberty Metals & Mining Holdings, LLC.

The company will sell 3,805,576 common shares at C$3.42 each. The price per share represents a 56.16% premium to the May 29 closing share price of C$2.19.

The iron ore development company is based in Vancouver, B.C.

Issuer:	Alderon Iron Ore Corp.
Issue:	Common stock
Amount:	C$13,015,070
Shares:	3,805,576
Price:	C$3.42
Warrants:	No
Investor:	Liberty Metals & Mining Holdings, LLC
Pricing date:	May 30
Stock symbol:	Toronto: ADV
Stock price:	C$2.19 at close May 29
Market capitalization:	C$218.15 million

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