TORONTO, Dec. 20, 2018 /CNW/ - Virtus Mining Ltd.
("Virtus") announces that it has filed an early warning
report with respect to the acquisition today of 78,181,161 common
shares ("Common Shares") in the capital of Aldridge Minerals
Inc. (TSX-V: AGM) ("Aldridge"), representing approximately
56.4% of the issued and outstanding Common Shares.
Virtus acquired ownership of the shares for cash consideration
of C$0.10 per share, for total
consideration of C$7,818,116.10, upon
closing today of the plan of arrangement (the "Arrangement")
announced on September 18, 2018
involving Aldridge and Virtus. Please see the press release
of Aldridge dated December 20, 2018
for more information regarding the closing of the
Arrangement.
Virtus held 62,278,053 Common Shares prior to the closing of the
Arrangement and now owns or controls all the issued and outstanding
Common Shares.
This news release is issued under the early warning provisions
of applicable Canadian securities legislation. A copy of the early
warning report filed by Virtus with applicable securities
commissions in connection with this acquisition will be available
for viewing under Aldridge's profile on SEDAR at www.sedar.com.
Aldridge's head office is located at 10 King Street East, Suite
300, Toronto, Ontario, Canada M5C
1C3.
SOURCE Aldridge Minerals Inc.