Alder Closes $1,000,000 Private Placement Financing
December 03 2009 - 3:44PM
Marketwired
Alder Resources Ltd. (the "Company") (TSX VENTURE: ALR) is pleased
to announce that the Company has completed its previously announced
private placement financing of units ("Units") of the Company for
gross proceeds of approximately $1,000,000 through the issuance of
6,666,666 Units at a price of $0.15 per Unit. Each Unit is
comprised of one common share of the Company and one common share
purchase warrant (a "Warrant"). Each Warrant entitles the holder to
acquire one common share of the Company at a price of $0.25 until
November 25, 2011.
In connection with the financing, the Company has paid finders
fees in the form of a cash commission totalling $80,000 and has
issued 666,666 broker warrants. Each broker warrant entitles the
holder to acquire one Unit at a price of $0.15 until November 25,
2011.
The common shares (and the common shares issuable upon the
exercise of the Warrants) are subject to resale restrictions that
expire on March 26, 2010.
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. Donald Mosher Director (604)
685-6465 www.alderltd.ca