TORONTO, Feb. 19, 2013 /CNW/ - Aldridge Minerals Inc. (TSX Venture: AGM)
("Aldridge" or the "Company") is pleased to announce that it has
retained Cutfield Freeman & Co. Ltd. ("CF&Co"), a global specialist
mining corporate finance firm, to act as its financial advisor. CF&Co
will assist Aldridge in evaluating all of its financing and strategic
options for its Yenipazar gold and polymetallic project, which is
currently at the development stage. As part of its mandate, CF&Co will
consider all financing alternatives including debt, equity, metal
streaming and concentrate off-take-related financing that may be
available to Aldridge.
"The appointment of CF&Co adds to our already experienced team and
allows us to review and assess a wide range of options as we move
towards developing the Yenipazar project," said Mario Caron, Aldridge's
President & CEO. "We look forward to drawing upon CF&Co's significant
experience in Turkey while we work to optimize the various elements
that will form the project financing package."
Aldridge is a near development stage mining company focused on advancing
its Yenipazar gold and polymetallic VMS deposit (Ag, Cu, Pb, Zn) in
Turkey - a country that is committed to developing its natural
resources and is rapidly emerging as an economic powerhouse. Aldridge
is currently in the final stages of completing the Yenipazar
feasibility study, which we expect to deliver in March 2013. The
Yenipazar project is subject to an earn-in agreement with Alacer Gold
Corp., wherein Aldridge can earn a 100% working interest subject to
certain conditions, subject to a 6% net profit interest ("NPI",
revenues less operational costs) until revenues of US$165 million are
generated, and a 10% NPI from there on.
CF&Co is an independent corporate finance house with offices in London,
Toronto and Hong Kong providing independent advice to companies in the
mining and metals sectors. CF&Co advises on all aspects of corporate,
project and offtake-related finance, mergers and acquisitions and joint
ventures. CF&Co has acted on a wide variety of transactions for a
range of mining companies, including transactions in Turkey.
Caution Regarding Forward-Looking Information
This news release includes certain forward-looking statements within the
meaning of Canadian securities laws. Forward-looking statements involve
risks, uncertainties and other factors that could cause actual results,
performance, prospects and opportunities to differ materially from
those expressed in such forward-looking statements. Forward-looking
statements in this news release, include, but are not limited to,
economic performance and future plans and objectives of Aldridge. Any
number of important factors could cause actual results to differ
materially from these forward-looking statements as well as future
results. Although Aldridge believes that the assumptions and factors
used in making the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply as
of the date of this new release, and no assurance can be given that
such events will occur in the disclosed timeframes or at all. Aldridge
disclaims any intention or obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
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.
SOURCE: Aldridge Minerals Inc.
For further information:
President & CEO, Director
Aldridge Minerals Inc.
Director, Investor Relations & Corporate Secretary
Aldridge Minerals Inc.