The Prospector News

Aldebaran Receives $6 Million From Warrant Exercise

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Aldebaran Receives $6 Million From Warrant Exercise

 

 

 

 

 

Aldebaran Resources Inc. (TSX-V: ALDE) (OTCQX: ADBRF) reports that a total of 8,588,334 warrants at $0.70 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.

 

About Aldebaran Resources Inc. 

 

Aldebaran is a mineral exploration company that was spun out of Regulus Resources Inc. in 2018 and has the same core management team. Aldebaran has the right to earn up to an 80% interest in the Altar copper-gold project in San Juan Province, Argentina from Sibanye Stillwater Limited. The Altar project hosts multiple porphyry copper-gold deposits with potential for additional discoveries. Altar forms part of a cluster of world-class porphyry copper deposits which includes Los Pelambres (Antofagasta Minerals), El Pachón (Glencore), and Los Azules (McEwen Copper). In March 2021 the Company announced an updated mineral resource estimate for Altar, prepared by Independent Mining Consultants Inc. and based on the drilling completed up to and including 2020 (independent technical report prepared by Independent Mining Consultants Inc., Tucson, Arizona, titled “Technical Report, Estimated Mineral Resources, Altar Project, San Juan Province, Argentina“, dated March 22, 2021 – see news release dated March 22, 2021).

 

Posted May 5, 2023

Share this news article

MORE or "UNCATEGORIZED"


Great Pacific Gold Announces Closing of Upsized $16.9 Million Private Placement Financing Led by Canaccord Genuity Corp

Great Pacific Gold Corp. (TSX-V: GPAC) (OTCQX: FSXLF) (FSE: V3H)... READ MORE

July 3, 2025

Ridgeline Minerals Provides Assay Results and Drill Program Updates for the Big Blue and Atlas Projects

Big Blue highlights: 0.6 meters grading 0.7% Cu, 3,194 g/t Ag and... READ MORE

July 3, 2025

Goldshore Intersects 42.7m of 1.09 g/t Au at the Eastern QES Zone of the Moss Deposit

Goldshore Resources Inc. (TSX-V: GSHR) (OTCQB: GSHRF) (FSE: 8X00)... READ MORE

July 3, 2025

Dios Sells K2 to Azimut

Dios Exploration Inc. (TSX-V: DOS) is pleased to report it has e... READ MORE

July 3, 2025

Northisle Announces Near Surface Intercepts and Higher-Grade Intercepts at Depth at West Goodspeed on its North Island Project

Highlights: Recent drilling at West Goodspeed supports the presen... READ MORE

July 3, 2025

Copyright 2025 The Prospector News