TORONTO, Aug. 23, 2017 /CNW/ - Ahmet Taçyildiz ("ANT"), the Chairman and controlling shareholder of ANT Holding Anonim Sti and a director of Aldridge Minerals Inc. ("Aldridge"), and MYA Gayrimenkul ve Inşaat Tic. A. Ş. ("MYA") jointly announce that on August 23, 2017, ANT sold 16,000,000 common shares (the "Common Shares") in the capital of Aldridge to MYA.
Immediately prior to the disposition, ANT owned 66,617,442 Common Shares, representing approximately 47.4% of the then issued and outstanding Common Shares. This disposition decreases ANT's position in the Common Shares by 16,000,000 Common Shares (or approximately 11.4%) to 50,617,442 Common Shares, or approximately 36.0% of the presently issued and outstanding Common Shares.
Correspondingly, MYA has acquired ownership of 16,000,000 Common Shares representing approximately 11.4% of the presently issued and outstanding Common Shares. Immediately prior to the acquisition, MYA owned no shares in the capital of Aldridge. ANT and MYA are not joint actors.
The securities were transferred through a private transaction at a price of $0.20 per Common Share for aggregate proceeds of $3,200,000. MYA has acquired the Common Shares for investment purposes, and may acquire further Common Shares, or dispose of its holdings of Common Shares, both as investment conditions warrant. Aldridge is listed on the TSX Venture Exchange under the symbol "AGM". ANT also maintains its shareholdings in Aldridge for investment purposes, and may acquire further Common Shares, or dispose of its holdings of Common Shares, both as investment conditions warrant.
ANT is located at Kore Sehitleri Caddesi, No: 8 Esentepe Sisli, 34394 Istanbul, Turkey. MYA is located at Yenişehir Mahallesi, Atatürk Bulvari, 63 K:1 D:1 Iskenderun-Hatay, Turkey. Aldridge is located at 10 King Street East, Suite 300, Toronto, ON, Canada M5C 1C3.
SOURCE Ahmet Taçyildiz
For further information: Yusuf Yalim Yildiz at MYA Gayrimenkul ve Inşaat Tic. A. Ş., +90 326 614 05 90.