Midlands Minerals and Alder Resources are pleased to announce the completion of the previously announced acquisition by Midlands of all of the outstanding common shares of Alder by way of a plan of arrangement. Under the Arrangement, shareholders of Alder will receive consideration of 1.81 of a common share of Midlands per Alder Share, calculated [...]
Midlands Minerals is pleased to announce that at the shareholders' meeting held on July 20, 2015, shareholders of Midlands have approved various matters to be completed by Midlands in connection with the completion of the plan of arrangement involving Midlands and Alder Resources, which was previously announced on May 28, 2015. Under the [...]
Midlands Minerals and Alder Resources issued a press release on May 28, 2015 announcing that Midlands proposes to acquire all of the outstanding shares of Alder pursuant to a statutory plan of arrangement under the Business Corporations Act (Ontario). In the press release, it was also announced that Midlands would hold a meeting of its shareholders [...]
Alder Resources is pleased to announce that at a special meeting of the shareholders and warrantholders of the Company held on July 8, 2015, the Securityholders approved the previously announced acquisition by Midlands Minerals of all of the outstanding common shares of Alder by way of a plan of arrangement. The Arrangement was approved by the [...]
Alder Resources announces that it has entered into shares-for-debt settlement agreements whereby Alder will issue 5,484,564 common shares at a deemed price of five cents per share in full settlement of dated accounts payables in the amount of $251,958.30 related to a shared services consulting agreement and $22,269.90 related to an outstanding loan [...]
Midlands Minerals and Alder Resources are pleased to announce that they have entered into a definitive agreement, whereby Midlands will acquire all of the outstanding shares of Alder pursuant to a statutory plan of arrangement under the Business Corporations Act (Ontario). The Arrangement provides that Midlands will be acquiring each outstanding [...]
Alder Resources has completed the share for debt settlement with a former officer of the Company that was previously announced in the press release dated February 13, 2015. The Company issued 993,740 common shares of Alder at a deemed price of $0.05 per Common Share as part of the debt settlement. The shares for debt settlement represents the full [...]
Alder Resources announces that it is entering into an unsecured convertible debenture agreement with a third party entity for the amount of $100,000 repayable within 12 months. Under the terms of the agreement, Alder would receive a loan of $100,000 at an annual interest rate of 15%, payable quarterly with the first interest payment due March 15 [...]
Alder Resources recently completed a site visit with the primary goal of collecting additional site engineering data that could be incorporated into a Preliminary Economic Study of the current stockpile inferred mineral resources of 7.95 million tonnes averaging 0.62% Cu, 0.46 g/t Au and 9.21 g/t Ag. In conjunction with the site visit, Alder staff [...]
Alder Resources has completed a metallurgical study program on the 8 million tonne inferred mineral resource stockpile and the gold-, copper- and silver-bearing tailings on its Rosita project in Nicaragua. In conjunction with the new metallurgical results, Alder has also completed an in-house conceptual production scenario study of a copper only [...]
Alder Resources has sold to Forbes & Manhattan a 0.5% net smelter returns royalty on Alder's interest in the Rosita property in Nicaragua. Don Dudek, Chairman and CEO of Alder, stated: "The sale of a royalty at this stage of development supports management's views regarding the perceived commercial value of the existing stockpile inferred resource [...]
Alder has completed its previously-announced non-brokered private placement financing by issuing 5,800,000 units at a price of $0.05 per Unit for aggregate gross proceeds of $290,000. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant. Each whole Warrant entitles the holder thereof to acquire one [...]
