Aldever Closes Second Tranche of Non-Brokered Private Placement
ALDEVER RESOURCES INC. 2200 HSBC Building – 885 West Georgia St, Vancouver, BC, V6C 3E8 www.aldever.com
ALDEVER CLOSES SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
April 25, 2017
Aldever Resources Inc. (ALD—TSXV) (ALDVF—OTCQB) (“Aldever” or the “Company”) is pleased to announce that it has received TSX Venture Exchange Approval and closed the second tranche of its non-brokered private placement, initially announced on April 19, 2017.
1st Tranche: The Company raised $291,800 through the sale of 4,210,000 units in the first tranche of this placement. This comprised of 2,250,000 units sold at $0.06 which contained one non-flow through common share and one whole transferrable warrant and 1,960,000 units sold at $0.08 which contained one flow through common share and one-half transferrable warrant. Total finder’s fees of $15,680 cash, 49,000 warrants and 98,000 common shares were paid. All warrants issued are exercisable at a price of $0.12 per warrant for three years from the date of issue.
2nd Tranche: The Company raised $100,002 through the sale of 1,666,700 non-flow through units at a price of $0.06 per unit. Each unit sold is comprised of one (1) non-flow through common share and one (1) transferrable share purchase warrant. Each whole share purchase warrant will be exercisable at a price of $0.12 for 36 months from the date of closing. Finder’s fees of 10% cash equivalent to $7,500, 5% warrants equivalent to 62,500, and 5% common shares equivalent to 62,500 are payable to EMD Financial Inc.
All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from their respective date of issuance, in accordance with applicable securities legislation.
Proceeds from the offering will be used to finance exploration programs on the Company’s properties and for general working capital purposes.
For further information, please contact:
Clive Massey, President Aldever Resources Inc., Phone: (604) 644-6794
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. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward‐looking statements”. Forward‐looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.