Aldridge Minerals Closes $4.5M Non-Brokered Financing

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Aldridge Minerals Inc. (AGM.V) has closed the non-brokered portion of its previously announced financing, issuing 9,534,737 common shares on a private placement basis at a price of $0.475 per common share and 222,463 special warrants for gross proceeds of approximately $4.5 million.

The net proceeds of the financing will be used to advance the exploration and development of the company's Yenipazar property in central Turkey and for general working capital purposes.

AGM shares were down two cents at $0.44.

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This article appears in: Investing , Commodities

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