Aldever Closes First 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 FIRST TRANCHE OF NON-‐BROKERED PRIVATE PLACEMENT
February 16, 2017
Aldever Resources Inc. (ALD—TSXV) (ALDVF—OTCQB) (17G1—Frankfurt) is pleased to announce that it has closed the first tranche of its non-‐brokered private placement on February 15, 2017, initially announced February 8, 2017.
The Company raised $341,600 through the sale of 4,270,000 units at a price of $0.08 per unit. Both flow and non-‐ flow through shares will be issued through this offering. Each unit sold with a flow through share will contain one
(1) flow through common share and one-‐half (1/2) transferrable share purchase warrant. Each unit sold with one flow through share 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.
Finder’s fees of 10% cash equivalent to $29,160, 5% warrants equivalent to 132,438, and 5% common shares equivalent to 182,250 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 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.