Aldebaran Upsizes Previously Announced Financing to $20.1 M

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Last update: Sep 8, 2023

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VANCOUVER, British Columbia, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (“Aldebaran” or the “Company”) (TSX-V: ALDE, OTCQX: ADBRF), is pleased to announce that it has increased the size of its previously announced non-brokered private placement (the “Private Placement”) from $17,468,604 to $19,228,604. Upon closing of the Private Placement, the Company will issue 8,528,756 common shares (“Common Shares”) at $1.01 per Common Share and 1,962,000 Common Shares at $0.88 per Common Share to a wholly-owned subsidiary of South32 Limited. The Company will issue a total of 10,100,000 Common Shares at $0.88 per Common Share to Route One Investment Company LLC (“Route One”) and to management of the Company.