New Issue: Alderon Resource publicizes C$10 million private placement of shares

By Devika Patel

Knoxville, Tenn., Jan. 15 - Alderon Resource Corp. said it has arranged a C$10 million private placement of stock.

The company will sell 10 million common shares at C$1.00 apiece.

Issuer:	Alderon Resource Corp.
Issue:	Common shares
Amount:	C$10 million
Shares:	10 million
Price:	C$1.00
Warrants:	No
Pricing date:	Jan. 15
Stock symbol:	TSX Venture: ALD
Stock price:	C$0.68 at close Jan. 15
Market capitalization:	C$8.54 million

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