Vancouver, B.C. – March 5, 2015 – Aldrin Resource Corp (“Aldrin”) (TSX.V: ALN)(Frankfurt: OAA) announces that it has secured working capital debt financing of CDN$150,000, from non-arm’s length parties. The proceeds will be expended on the recently acquired Key Lake Property and for general working capital purposes. The loan will be for a term of one year and bears interest at the rate of 12% per annum, calculated and compounded annually and paid quarterly. As an inducement to grant the loan, Aldrin will issue the lenders 122,448 common shares of Aldrin which is equal to 20% of the principal amount of the loan at a deemed price of CDN$0.245 per share. The shares will be subject to a hold period expiring four months and one day after the date of issuance. The loan is subject to regulatory approval.
About Aldrin Resource Corp.
Aldrin Resource Corp. is a Canadian-based uranium exploration and development company trading on the TSX Venture Exchange (symbol ALN). The company has assembled and exceptional exploration property portfolio in one of the most exciting uranium exploration regions in the world, the Patterson Lake District, Saskatchewan. Aldrin will continue to identify high-grade basement uranium deposits like those found in the Athabasca Basin.
ON BEHALF OF THE BOARD
“Johnathan More”
Johnathan More, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
