Aldrin Resource Announces $250,000 Non-brokered Private Placement

Aldrin Resource Corp. (TSXV:ALN) announced that it’s arranged a non-brokered private placement of $250,000 with an institutional investor. Each unit is made up of one flow-through unit priced at $0.18 per share and a half warrant priced at $0.25 for a period of two years.
The money gained from the offering will be put towards exploration at the company’s Triple M uranium project. The financing is expected to close by July 10, 2015.
As quoted in the press release:

Aldrin will immediately complete additional ground geophysical surveys to more precisely define the uranium mineralized Anticline Target on our Triple M Property. The Triple M Property lies adjacent to Fission Uranium’s high grade Patterson Lake discovery. The increased geophysical resolution on the Anticline Target is the last exploration step before Aldrin’s planned 4,000 m drill program to start later in the year.
The survey will comprise of in-fill points to increase resolution on existing data, which has already proven successful in defining mineralized structures associated with the Anticline Target. Ground resistivity survey lines will commence soon thereafter. Aldrin’s first drill test discovered the Anticline Target to be significantly mineralized with uranium at values consistent with being within a potential halo to a high-grade deposit. The first drill hole (ALN14-008) encountered strong uranium mineralization over significant intervals including:
a. 53.4 ppm U over 10.0 m between 178.0 and 188.0 m, including a higher value zone of 148.7 ppm U over 1.5 m between 182.5 and 184 m;
b. 273 ppm U over 0.5m between 235.0 and 235.5 m;
c. 97.4 ppm U over 3.5 m between 243.0 and 246.5 m, including a higher value zone of 144.8 ppm U over 2.0 m between 243.5 and 245.5 m

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