Aldrin Resource Arranges $225,000 Private Placement

Aldrin Resource Corporation (TSXV:ALN) announced it has arranged with an institutional investor a $225,000 non-brokered private placement consisting of flow-through units at a price of 12 cents per unit. Each unit will comprise one flow-through share and one-half warrant, with each whole warrant entitling the holder to purchase one common non-flow-through share at a price of 17 cents for a period of 24 months from closing. Proceeds of the financing will be used for continuing exploration on Aldrin’s Triple M uranium property.
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