Aldever Announces Non Brokered Private Placement
ALDEVER RESOURCES INC. 2200 HSBC Building – 885 West Georgia St, Vancouver, BC, V6C 3E8 www.aldever.com
ALDEVER ANNOUNCES NON BROKERED PRIVATE PLACEMENT
March 22, 2017
Aldever Resources Inc. (ALD—TSXV) (ALDVF—OTCQB) is pleased to announce that it intends to proceed with a private placement to raise up to $600,000 by selling units at a price of $0.08 and $0.06 per unit. Each unit sold at $0.08 will contain one (1) flow through common share and one-half (1/2) transferrable share purchase warrant. Each unit sold at $0.06 will contain 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.
Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the 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.