Vancouver, B.C. – December 23, 2015 – Aldrin Resource Corp (“Aldrin”) (TSX.V: ALN) is pleased to announce that it has arranged with an institutional investor a $225,000 non-brokered private placement consisting of flow-through units at a price of $0.12 per unit (the “Financing”) Each unit will be comprised of one flow-through share and one-half warrant with each whole warrant entitling the holder to purchase one common non flow-through share at a price of $0.17 for a period of 24 months from closing. Proceeds of the Financing will be used for ongoing exploration on Aldrin’s Triple M Uranium Property. Aldrin will pay a cash commission of eight percent (8%) of the proceeds raised and warrants equal to eight percent (8%) of the number of units which are placed by agents who assist with the Financing. It is anticipated the Financing will close by December 31, 2015.
All securities issued on the Financing will be subject to a four month hold period. The Financing is subject to TSX Venture Exchange approval.
ON BEHALF OF THE BOARD
“Johnathan More”
Johnathan More, CEO and Director
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.
