Aldebaran Resources and Centauri Minerals Announce Closing of $25 million Subscription Receipt Financing in Connection with Centauri Spin-Out
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Aldebaran Resources and Centauri Minerals Announce Closing of $25 million
Subscription Receipt Financing in Connection with Centauri Spin-Out
VANCOUVER, CANADA (July 23, 2026) – Aldebaran Resources Inc. ("Aldebaran") (TSX-V: ALDE, OTCQX:
ADBRF) and its majority-owned subsidiary Centauri Minerals Inc. ("Centauri" and together with Aldebaran, the
"Companies") are pleased to announce the closing of Centauri’s offering of subscription receipts (each, a
"Subscription Receipt"), at a price of C$1.00 per Subscription Receipt (the " Issue Price") for aggregate gross
proceeds of $25,486,000 consisting of: (i) a brokered private placement (“Brokered Offering”) of 17,486,000
Subscription Receipts at the Issue Price, for aggregate gross proceeds of $17,486,000 completed through a syndicate of
agents led by TD Securities Inc. ("TDSI"), as lead agent and sole bookrunner and including ATB Cormark Capital
Markets, Canaccord Genuity Corp. and National Bank Financial Inc. (together with TDSI, the "Agents"); and (ii) a
non-brokered private placement of 8,000,000 Subscription Receipts at the Issue Price for gross proceeds of $8,000,000
(the “Non-Brokered Offering” and together with the Brokered Offering, the “Offering”).
The gross proceeds of the Offering (the "Escrowed Funds"), less 50% of the Agents' commission in respect of the
Brokered Offering and certain eligible expenses of the Agents covered by Centauri, have been deposited in escrow
pursuant to the terms of a subscription receipt agreement (the "Subscription Receipt Agreement") dated July 22, 2026
among Centauri, TDSI and Olympia Trust Company, as the subscription receipt agent. The Escrowed Funds will be held
in escrow pending satisfaction of all of the escrow release conditions (the "Escrow Release Conditions"), including
among other things, that all conditions precedent to the completion of the Arrangement (as defined below) have been
satisfied, or waived with the consent of TDSI, and that there have been no material amendments to the terms and
conditions of the arrangement agreement governing the terms of the Arrangement which have not been approved by
TDSI, acting reasonably. It is a condition to the completion of the Arrangement that the Offering be completed, as well
as that the Common Shares (as defined below), including the Common Shares issuable on exchange of the Subscription
Receipts, shall have been approved for listing on the TSX Venture Exchange (the "TSX-V").
Each Subscription Receipt will be deemed to be automatically exchanged for one freely tradeable common share in
the capital of Centauri (each, a "Common Share"), without payment of additional consideration or further action by
the holder thereof on the date (the "Escrow Release Date") that each of the Escrow Release Conditions are satisfied
or waived; provided, however, that if the Escrow Release Conditions are not met on or before September 30, 2026,
each Subscription Receipt will entitle the holder thereof to receive 1.1 Common Shares.
If (i) the Escrow Release Conditions are not satisfied on or before the date that is 120 days from the date hereof or
such later date as may be agreed to by not less than 66 2/3% of the holders of Subscription Receipts (the "Escrow
Deadline") or, (ii) if prior to the Escrow Deadline, the spin-out transaction previously announced by the Companies
on June 1, 2026 (the "Arrangement"), is terminated or Centauri has advised the Subscription Receipt Agent and TDSI,
or announced to the public, that the Arrangement will not be completed (the date upon which any such event occurs,
the "Termination Date"), within five (5) business days following the Termination Date, the Escrowed Funds shall be
returned to the holders of Subscription Receipts pro rata.
In consideration of their services, Centauri agreed to pay the Agents a cash commission in an amount equal to 6% of
the aggregate gross proceeds from the sale of the Subscription Receipts under the Brokered Offering. No commission
was payable by Centauri in connection with the Non-Brokered Offering.
Centauri intends to use the net proceeds from the Offering to advance exploration of the Rio Grande gold -copper
project located in Salta, Argentina, for the exploration and advancement of other portfolio assets, and for general
corporate purposes.
For further information or to subscribe to the Centauri news list, please contact:
Sam Leung
CEO and Director
Centauri Minerals Inc.
Phone: +1 416 206 4187
Email: [email protected]
Ben Cherrington
Manager, Investor Relations
Aldebaran Resources Inc.
Phone: +44 7538 244 208
Email: [email protected]
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any
of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the
securities in the United States of America. The securities have not been and will not be registered under the 1933 Act or
any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S.
Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state
securities laws, or an exemption from such registration requirements is available.
About Aldebaran Resources Inc.
Aldebaran is a mineral exploration company that was spun out of Regulus Resources Inc. in 2018 and has the same
core management team. Aldebaran holds an 80% interest in the Altar copper -gold project in San Juan Province,
Argentina. The Altar project hosts multiple porphyry copper-gold deposits with potential for additional discoveries.
Altar forms part of a cluster of world-class porphyry copper deposits which includes Los Pelambres (Antofagasta
Minerals), El Pachón (Glencore), and Los Azules (McEwen Copper). In November 2024 Aldebaran announced an
updated mineral resource estimate for the Altar project, prepared by Independent Mining Consultants Inc. and based
on the drilling completed up to and including the 2023-24 field season (independent technical report prepared by
Independent Mining Consultants Inc., Tucson, Arizona, titled "Technical Report, Estimated Mineral Resources, Altar
Project, San Juan Province, Argentina", dated December 31, 2024 – see news release dated November 25, 2024). In
October 2025 Aldebaran announced a Preliminary Economic Assessment (PEA) for the Altar Project (independent
technical report prepared by SRK Consulting Inc, Denver, Colorado, titled "NI 43-101 Technical Report Preliminary
Economic Assessment Altar Project San Juan, Argentina", dated September 30, 2025 – see news release dated October
30, 2025).
About Centauri Minerals Inc.
Centauri Minerals Inc. is a new mineral exploration company focused on Northern Argentina, a mining region of
increasing global significance. Centauri holds a 100% -interest in a portfolio of exploration projects spanning
approximately 40,000 hectares in the provinces of Salta, Jujuy, and Catamarca, which was spun-out from Aldebaran
Resources Inc. The most advanced is the Rio Grande gold-copper project located in Salta, which has an independent
National Instrument 43-101 – Standards of Disclosure for Mineral Projects compliant mineral resource estimate that
highlights significant gold and copper quantities. Centauri has offices and facilities in Salta, Argentina and Vancouver,
Canada. It is currently a private company majority owned by Aldebaran Resources Inc. with plans to become a public
company in 2026.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements regarding Aldebaran and/or Centauri, including management's assessment of future -plans and
operations, may constitute forward-looking statements under applicable securities laws and necessarily involve known
and unknown risks and uncertainties, most of which are beyond the control of Aldebaran or Centauri. Often, but not
always, forward-looking statements or information can be identified by the use of words such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be achieved.
Specifically, and without limitation, all statements included in this news release that address activities, events or
developments that Aldebaran and/or Centauri expect or anticipate will or may occur in the future, including, among
others, the satisfaction or waiver of the Escrow Release Conditions and the release of the Escrowed Funds; the
completion of the Arrangement and related spin-out transaction; anticipated use of proceeds from the Offering,
anticipated regulatory approvals and the intent to have Common Shares listed on the TSX-V, may constitute forward-
looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties,
most of which are beyond the control of Aldebaran or Centauri, such as, among others, the inability to obtain the
necessary approvals for the proposed listing of Common Shares; that the Offering will not be completed on the terms or
timeline anticipated or at all; the failure to satisfy or waive the Escrow Release Conditions within the required time; the
failure to complete the Arrangement; that Centauri may not obtain all required regulatory approvals for the Offering;
that Centauri may not be able to use the proceeds of the Offering as anticipated; that Centauri may require additional
financing from time to time in order to continue its operations which may not be available when needed or on acceptable
terms and conditions acceptable; and that compliance with extensive government regulation; domestic and foreign laws
and regulations could adversely affect Centauri's business and results of operations. These risks may cause actual
financial and operating results, performance, levels of activity and achievements to differ materially from those expressed
in, or implied by, such forward-looking statements. Although Aldebaran and Centauri believe that the expectations
represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will
prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and
Aldebaran and Centauri do not undertake any obligation to publicly update or revise any forward-looking statements
or information, whether as a result of new information, future events or otherwise, unless so required by applicable
securities law.