Alderon Iron Ore Corp.is pleased to announce that it has entered into a subscription agreement with Liberty Metals & Mining Holdings a subsidiary of Liberty Mutual Group. Pursuant to the subscription agreement, LMM will purchase 14,981,273 common shares of Alderon on a private placement basis for an aggregate purchase price of approximately C$40 [...]
Alderon is pleased to announce that the 2012 winter drilling program has commenced at its 100% owned Kamistiatusset Iron Ore Project in western Labrador. The four month drill program will be focused predominately on North Rose and will include up to 18,000 metres of drilling with six drills. The program will concentrate on infill drilling with the [...]
Alderon is pleased to announce the appointment of Mr. Danny Williams, QC, former Premier of Newfoundland and Labrador, as Special Advisor to the Chairman of Alderon. Mr. Williams served as Premier of Newfoundland and Labrador from October 2003 until November 2010, retiring from the position at a time when his government had an approval rating of [...]
Alderon is pleased to announce that it has closed its previously announced non-brokered private placement of 2,000,000 flow-through common shares at a price of $3.00 per Flow-Through Share for gross proceeds of $6,000,000. The gross proceeds raised from the Offering will be used by Alderon for exploration expenditures on its Kamistiatusset Project [...]
Alderon Iron Ore Corp. is pleased to announce additional assay results from the ongoing drill program on the 100% owned Kamistiatusset Iron Ore Project in western Labrador. These results are from the Rose Central Zone and are all within the currently defined NI 43-101 resource estimate. They will be used to upgrade the resource from the indicated [...]
