Aldridge Minerals Inc.
Aldridge Minerals Inc.:ALDRIDGE ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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ALDRIDGE MINERALS INC.
950 – 424 Spadina Crescent East
Saskatoon, Saskatchewan S7K 6X7
Telephone: (306) 955-4741
NEWS RELEASE
Date: August 31, 2006 Trading Symbol: TSX-V: AGM
Website: www.aldridgeminerals.com
ALDRIDGE ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
Vancouver, B.C.: Aldridge Minerals Inc. (“Aldridge”) is pleased to
announce that it has completed its private placement announced on June 27,
2006. The placement consisted of 1,512,000 units at a price of $1.80 per
unit for gross proceeds of $2,721,600. Each unit consists of one common
share in the capital of Aldridge and one common share purchase warrant.
Each warrant will be exercisable into an additional common share of
Aldridge at a price of $2.00 for a period of two years. Aldridge paid a
finder’s fee of 100,800 units. The securities issued under the private
placement are subject to a four month hold period expiring on January 1,
2007.
The proceeds of the private placement will be used to continue funding
exploration, acquisition and drill programs on Aldridge’s mineral
properties in Turkey and for general working capital purposes.
Aldridge is active in the exploration and development of gold and base
metal projects in Turkey.
On behalf of the Board of Directors
“Hikmet Akin”
President and a director
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THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
(c)DGAP 31.08.2006
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Language: English
Issuer: Aldridge Minerals Inc.
Suite 204, 3540 West 41st Avenue
V6N 3E6 Vancouver, BC Kanada
Phone: +1 306 955 4741
Fax: +1 306 955 4741
E-mail: akin@shaw.ca
WWW: http://www.aldridge-minerals.de
ISIN: CA0144301029
WKN: A0CAPB
Indices:
Listed: Freiverkehr in Berlin-Bremen; Open Market in Frankfurt
End of News DGAP News-Service
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