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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (5935)	3/24/2014 6:21:40 PM
From: Goose94	Read Replies (3) of 203330

Aldrin Resource (ALN-V) arranges $500,000 private placement and expand drill program. March 24, '14 - NR Aldrin Resource Corp. has arranged a non-brokered private placement of units at eight cents per unit for total gross proceeds of $500,000. Each unit will comprise one common share and one share purchase warrant. Each full warrant is exercisable into one additional Aldrin common share at 12 cents per share for a period of 24 months from closing. Only one subscriber is participating in the financing. Proceeds of the financing will be used to expand Aldrin's 2014 drilling program on its Triple M property. Aldrin will pay a cash commission of 8 per cent of the proceeds raised and warrants equal to 8 per cent of the number of units placed by agents that assist with the financing. All securities issued under the proposed private placement will be subject to a four-month hold period. The financing is being filed on an expedited basis and is subject to TSX Venture Exchange approval. The private placement will not result in a change of control of Aldrin.

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