TORONTO, Aug. 17 /CNW/ - Aldridge Minerals Inc. (TSX-V: AGM) ("Aldridge" or the "Company") today announced that W.D. Latimer Co. Limited has been engaged to provide select Corporate Finance consultant services for its common shares listed on the TSX Venture Exchange. The agreement will be for a 12 month period but can be terminated at anytime upon thirty (30) days written notice.
In consideration of the services to be provided, the Company will pay a monthly fee of $5,000.00, in Canadian currency with the applicable taxes added. In addition, 150,000 stock options of Aldridge will be granted with an exercise price of $.94 per common share (based on the closing price of AGM shares the day before this Agreement is signed) and will be exercisable up to, but not after August 17, 2013, (three years from the date of issue), with no vesting provisions. W.D. Latimer's compensation is in no way contingent upon the market price or trading volume of the common shares of Aldridge on the TSX Venture Exchange.
About Aldridge Minerals
Aldridge Minerals Inc. is mainly focused on mineral opportunities in Turkey where the Company is conducting an ambitious exploration and development program at its flagship Yenipazar polymetallic VMS project. Aldridge has also identified several other prospective opportunities in Turkey and Papua New Guinea, and has amassed a large property position where a systematic exploration program is underway.
Neither 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: For further information: Aldridge Minerals Inc., Jacob Willoughby, President and Director, (416) 558-4717, www.aldridgeminerals.com; The Equicom Group Inc., Dave Feick, (403) 218-2839, www.equicomgroup.com