• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Company Market
    Company News
    Company Stocks
    • Company Market
    • Company News
    • Company Stocks

    Aldrin Resource Debt Financing

    Investing News Network
    Mar. 06, 2015 11:46AM PST
    Company News

    Aldrin Resource Corp. (TSXV:ALN) announced that it was secured a debt financing of $150,000 from non-arms’-length parties. The loan will be for one year, and bears interest at the rate of 12% per annum, calculated and compounded annually and paid quarterly.

    Aldrin Resource Corp. (TSXV:ALN) announced that it was secured a debt financing of $150,000 from non-arms’-length parties. The loan will be for one year, and bears interest at the rate of 12% per annum, calculated and compounded annually and paid quarterly.

    As quoted in the press release:

    Aldrin Resource Corp. has secured working capital debt financing of $150,000 from non-arm’s-length parties. The proceeds will be expended on the recently acquired Key Lake property and for general working capital purposes. The loan will be for a term of one year and bears interest at the rate of 12 per cent per annum, calculated and compounded annually and paid quarterly. As an inducement to grant the loan, Aldrin will issue the lenders 122,448 common shares of Aldrin, which are equal to 20 per cent of the principal amount of the loan at a deemed price of 24.5 cents per share. The shares will be subject to a hold period expiring four months and one day after the date of issuance. The loan is subject to regulatory approval.

    Click here to read the Aldrin Resource Corp. (TSXV:ALN) press release

    Click here to see the Aldrin Resource Corp. (TSXV:ALN) profile.

    tsxv:alnaldrin resource corp
    The Conversation (0)

    Go Deeper

    AI Powered
    Latin Resources Logo

    Resource Definition Drilling Continues to Show Excellent Results from the "Colina Prospect", Bananal Valley, Brazil

    May 2012 News Catalysts

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×