Vancouver, B.C. – April 22, 2016 – Aldrin Resource Corp (“Aldrin” or the “Company”) (TSX.V: ALN) reported today that it has entered into a loan agreement with Victoria Ross, of Toronto, Ontario (the “Lender”) pursuant to which the Lender agreed to advance to the Company the sum of $450,000. The loan amount accrues interest at a rate of 12% per annum and has a term of 12 months.
In recognition of the unsecured nature of the loan, the Company has agreed to pay to the Lender a bonus of 900,000 common shares. The proceeds of the loan will be applied to property expenditures on the Company’ Triple M Uranium Property. The issuance of the bonus shares is subject to the approval of the TSX Venture Exchange.
ALDRIN RESOURCE CORP.
Neither 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.
Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.