Post by
KostolanysErbe on Jan 27, 2017 3:13pm
News
Aldridge Minerals acquires 91.1% of Yenipazar 2017-01-27 07:07 ET - News Release Mr. Han Ilhan reports ALDRIDGE PROVIDES LAND ACQUISITION UPDATE AND ANNOUNCES THE APPOINTMENT OF SCOTIA CAPITAL AS FINANCIAL ADVISOR Aldridge Minerals Inc. has acquired title to or has right to access 91.1 per cent of the Yenipazar project area. The state-led compulsory court process continues in parallel with continuing voluntary transactions. The company expects the land acquisition process to be completed in 2017, subject to available funds. Aldridge is also pleased to announce that it has retained Scotia Capital Inc., a leading full-service wholesale bank and investment dealer, to act as its financial adviser. Scotia Capital will assist Aldridge in evaluating financing and strategic options. "The appointment of Scotia Capital adds to our experienced board of directors and management team and allows us to review and assess a wide range of options as we advance the Yenipazar land acquisition process towards completion and the Yenipazar project towards development," said Han Ilhan, Aldridge's president and chief executive officer. About Aldridge Aldridge is a development-stage mining company focused on its wholly owned and permitted Yenipazar polymetallic VMS (volcanogenic massive sulphide) project (gold, silver, copper, lead, zinc) in Turkey. Aldridge completed the Yenipazar optimization study and filed the related National Instrument 43-101-compliant technical report in May, 2014, which updated the original May, 2013, feasibility study. The company is currently advancing the Yenipazar project on key aspects including land acquisition and interim and project financing. https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aAGM-2439544&symbol=AGM®ion=C