Aldever Closes $554,550 Non-Brokered Private Placement
ALDEVER RESOURCES INC. 2200 HSBC Building – 885 West Georgia St, Vancouver, BC, V6C 3E8 www.aldever.com
ALDEVER CLOSES $554,550 NON-BROKERED PRIVATE PLACEMENT
February 3, 2016
Aldever Resources Inc. (ALD—TSXV) (ALDVF—OTCQB) (17G1—Frankfurt) is pleased to announce that it has closed its non-brokered private placement, initially announced February 2, 2016.
The Company raised $554,550 through the sale of 3,525,000 units at a price of $0.17 per unit for units containing flow through shares, and $0.14 per unit for units containing non-flow through shares. Each unit consists of one (1) common share and one (1) share purchase warrant of the Company. Of these units sold, 2,035,000 units were flow through shares, and 1,490,000 were non flow through shares. Each share purchase warrant will be exercisable at a price of $0.20 for 36 months from the date of closing. Finder’s fees of $46,980 cash and 207,000 share purchase warrants will be payable to EMD Financial Inc. and $196 cash will be payable to Canaccord Genuity Corp. in connection with this placement. TSX Venture Exchange approval was granted February 3, 2016.
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 and corporate 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.