Business
Aldebaran Announces Full Exercise of the Underwriters’ Option and Provides Update on the Concurrent Private Placement
/NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES/ VANCOUVER, British Columbia, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. ("Aldebaran" or the "Company") (TSX-V: ALDE, OTCQX: ADBRF) is pleased to announce that, in connection with the previously announced upsized bought deal ("Offering") (see Company release of January 27th, 2026), the underwriters, co-led by ATB Cormark Cap
About this update from Aldebaran Resources Inc
[{"type":"text","content":"/NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES/","length":158,"tagName":"p"},{"type":"text","content":"VANCOUVER, British Columbia, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. ("Aldebaran" or the "Company") (TSX-V: ALDE, OTCQX: ADBRF) is pleased to announce that, in connection with the previously announced upsized bought deal ("Offering") (see Company release of January 27th, 2026), the underwriters, co-led by ATB Cormark Capital Markets and Red Cloud Securities Inc. (collectively the “Underwriters”), have exercised their full Underwriters’ option to purchase an additional 1,615,395 common shares at price of $3.25 per share, increasing the aggregate proceeds of the Offering to C$40,250,259.","length":641,"tagName":"p"},{"type":"text","content":"As previously disclosed, certain shareholders of the Company have anti-dilution rights (each, a “Rights Holder”). In discussion with those shareholders, the Company indicated its preference that they minimize their investment in this financing to avoid excessive dilution and to provide more room for new institutional shareholders to join the Company's share registry via the Offering. As a result, the Company plans to issue 1,538,462 shares at $3.25 per share for proceeds of C$5,000,001.50 via a non-brokered private placement ("Concurrent Private Placement"). All common shares acquired pursuant to the Concurrent Private Placement will be subject to a hold period of four (4) months plus one day pursuant to applicable Canadian securities laws.","length":764,"tagName":"p"},{"type":"text","content":"John Black, Chief Executive Officer and Director of Aldebaran, commented: "With these financings, we are fully funded to take the Altar project through the pre-feasibility study. We thank our existing strategic shareholders for taking a reduced participation in this financing, as it allowed us to bring new institutional money into the company, which should bring several benefits, including improved market liquidity and visibility. We are now well-positioned to continue de-risking the Altar project, thereby unlocking value for Aldebaran shareholders."","length":566,"tagName":"p"},{"type":"text","content":"Closing of the Of...