Aldebaran Announces Closing of $20.5 M Financing

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Last update: Sep 27, 2023

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VANCOUVER, British Columbia, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (“Aldebaran” or the “Company”) (TSX-V: ALDE, OTCQX: ADBRF), is pleased to announce it has completed its previously announced $20.5 million financing, led by a strategic investment from a wholly-owned subsidiary of South32 Limited (“South32”). The financing was completed via a non-brokered private placement (the “Private Placement”). The Company issued 1,000,000 common shares in the capital of the Company (the “LIFE Shares”) pursuant to the listed issuer financing exemption under part 5A of National Instrument 45‐106 – Prospectus Exemptions (“NI 45-106”). The balance of the Shares were issued pursuant to other exemptions from the prospectus requirements found in NI 45‐106.