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Aldebaran Resources Inc V.ALDE

Alternate Symbol(s):  ADBRF

Aldebaran Resources Inc. is a mineral exploration company, which is engaged in the acquisition and exploration of exploration and evaluation properties. Its projects include Altar, Rio Grande, Aguas Calientes, Oscara, El Camino, Catua and La Frontera. The Altar copper-gold project hosts a cluster of porphyry deposits in Argentina. Rio Grande is a copper-gold prospect with associated iron-oxide-copper-gold style alteration located in Salta Province, northwestern Argentina. The Aguas Calientes property is located in northwestern Argentina in Jujuy Province. Access from the City of Salta is by all-weather roads and paved highways. The Oscara project is in the Puna region of the Salta Province in northwestern Argentina. The EI Camino project is located 380 km northwest of the City of Salta, northwest Argentina. The Catua property is located six km from the Chilean border and 220 km northwest of the city of Salta. The La Frontera is a low-sulfidation epithermal style silver-gold prospect.


TSXV:ALDE - Post by User

Post by Betteryear2on May 05, 2023 7:32am
127 Views
Post# 35432311

Aldebaran Receives $6 Million From Warrant Exercise

Aldebaran Receives $6 Million From Warrant ExerciseVANCOUVER, British Columbia, May 05, 2023 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (“Aldebaran” or the “Company”) (TSX-V: ALDE, OTCQX: ADBRF) reports that a total of 8,588,334 warrants at $0.70 (the “Warrants”) have been exercised and the remaining 2,239,257 Warrants expired on May 3, 2023. The Warrants were issued as part of a private placement financing that closed in May 2021. This total includes the Warrants exercised by Route One Investment Company LLC and management, which was previously announced on March 30, 2023. The exercise of Warrants has raised proceeds of ~$6 million for the Company. The proceeds will be utilized to fund the current drilling program on the Altar copper-gold project in San Juan Province, Argentina, as well as for general corporate purposes.

Aldebaran Receives $6 Million From Warrant Exercise (globenewswire.com)
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