Alder Resources Announces Private Placement Financing
April 15 2010 - 4:52PM
Marketwired
Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE: ALR)
is pleased to announce that it intends to complete a non-brokered
private placement financing of 12,000,000 common shares of the
Company ("Shares") at a price of $.25 per Share, for gross proceeds
of $3,000,000.
The Company intends to use the net proceeds to finance work on
the La Montanita gold property in Colombia - which was the subject
of the Company's News Release dated April 7, 2010, as well as other
property acquisitions in Colombia.
The Company may pay finder's fees in connection with the
financing.
The Shares will be subject to statutory resale restrictions.
Closing of the financing is subject to receipt of TSX Venture
Exchange approval.
Finder's fees consisting of 200,000 shares of the Company will
be issued to each of two individuals who assisted the Company in
signing the Letter of Intent on the La Montanita gold property as
announced April 7, 2010.
Alder is a mineral resource company focused on the acquisition
and development of world class mineral properties.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this Release.
Contacts: Alder Resources Ltd. Bruce Ford Director and President
(416) 300-8023 www.alderltd.ca
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