Aldrin Resource Announces $450,000 Financing and Share Consolidation

Aldrin Resource Corp. (TSXV:ALN) is proceeding with a $450,000 non-brokered private placement of flow through shares and non-flow through units. The Company also announced the approval of a six for one consolidation of Aldrin’s common shares.

As quoted in the press release:

Flow-through shares are being offered at $0.042 per share and non-flow through units are being offered at $0.03 per unit. Each non-flow through unit will be comprised of one common share and one share purchase warrant. Each full warrant is exercisable into one additional common share at $0.055 per share for a period of 24 months from closing. Aldrin’s insiders are subscribing for $150,000 of non-flow through units. Proceeds of the Offering will be used for working capital and general and administrative expenses.

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