Aldebaran Receives $6 Million From Warrant Exercise
VANCOUVER, 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.
Related news for (ADBRF)
- Aldebaran Intercepts 742.90 m of 0.69% CuEq, Within 1,229.50 m of 0.55% CuEq at the Altar Project
- Aldebaran Intercepts 919.55 m of 0.66% CuEq, Within 1,517.00 m of 0.55% CuEq
- Aldebaran Intercepts 649.60 m of 0.81% CuEq Within 1,018.60 m of 0.60% CuEq, at the Altar Project
- Aldebaran to Host Investor Day on May 29, 2024
- Aldebaran Expands Known Mineralization at the Altar Copper-Gold Project