RE:Jeremy SouthTroyahorse wrote: What can this guy do to raise capital with shares trading at .05?
Starting to think we need a miracle on this one.
JMOH
Hi Troyahorse, no mystery who he is - here's the cut and paste from the NR for South and Jull. Looks like they got them in to go and find more cash to buy some shovels to put in the ground. Reminder - Aldridge is a DEVELOPMENT company - they have assembled the land in Turkey together with Turkish partners ( who have a strong vested interest in seeing their large share holdings increase in price) - I think things are proceeding on course - they completed acquiring the land package - now they move into setting up the dig. They may well consolidate at 10-1 to get the price up. I have got in at $0.05 today. If it approaches the $0.13 option price that South and Jull were given I am happy...]
Mr. South is currently Managing Partner of a Canadian-based private equity group. He has over 30 years of experience in M&A, capital markets and private equity in Europe, North America and Australia, including senior positions in investment banking at Deutsche Bank, NatWest Markets and Deloitte. For 10 years ended December 2016, Mr. South was Global Leader, Mining M&A Advisory at Deloitte. He was also the Asia Pacific Leader M&A, Energy & Resources. Based in Beijing for four years, he has advised leading Asian trading houses and financial investors on mining M&A, financing and strategy, and he counted some of Asias largest companies as clients. Mr. South is a Chartered Accountant and he holds a Bachelor of Economics from Monash University (Aust). ]
Mr. Jull is a co-founder and Principal of Bordeaux Capital. He has over two decades of experience in corporate finance covering the oil and gas, fertilizer and agriculture, mining, technology and industrial sectors. Mr. Jull has acted as lead underwriter on numerous cross border equity and debt offerings involving assets around the world with capital sourced in Canada, the U.S. and the U.K. His experience in finding demand and leading financing transactions in several jurisdictions has been a key element in completing significant financings for his clients in Canada, the UK and the U.S. He has completed over 200 such financings and M&A transactions in the course of his career. Mr. Gage holds a B.Sc. degree from the University of Toronto, an MBA from the University of Western Ontario, and holds both P.Eng. and CFA designations. ]
Stock Option Grant ]
The Company has granted 200,000 stock options to each of Mr. South and Mr. Jull. The options are exercisable at a price of C$0.13 per common share and expire in 5 years