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    ALDE   CA01408J1049

ALDEBARAN RESOURCES INC.

(ALDE)
Delayed Bourse de Toronto  -  03:59 2022-12-06 pm EST
0.7700 CAD   +4.05%
11/29Aldebaran Resources Inc. Reports Earnings Results for the First Quarter Ended September 30, 2022
CI
11/15Aldebaran Announces Commencement of Drill Program at Altar Project
GL
11/15Aldebaran Announces Commencement of Drill Program at Altar Project
AQ
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Aldebaran Announces Closing of Strategic Investment by South32

08/15/2022 | 09:00am EST

VANCOUVER - Aldebaran Resources Inc. ('Aldebaran' or the 'Company') (TSX-V: ALDE, OTCQX: ADBRF), is pleased to announce it has completed its previously announced non-brokered, $14.43 million private placement, led by a strategic investment from a wholly-owned subsidiary of South32 Limited ('South32').

South32 acquired 13,700,000 common shares (the 'Common Shares') at a price of $0.78 per Common Share for total proceeds of $10,686,000. Route One Investment Company LLC, Aldebaran's largest shareholder, partially exercised its participation right and acquired 4,800,000 Common Shares at a price of $0.78 per Common Share for total proceeds of $3,744,000. The Common Shares issued pursuant to the offering will be subject to a hold period expiring on December 13, 2022 in accordance with applicable securities laws.

Aldebaran intends to use the funds to advance the Altar copper-gold project located in San Juan, Argentina, and for general corporate purposes.

Contact:

John Black

Tel: +1 604 685-6800

Email: info@aldebaranresources.com

About Aldebaran Resources Inc.

Aldebaran is a mineral exploration company that was spun out of Regulus Resources Inc. in 2018 and has the same core management team. Aldebaran has the right to earn up to an 80% interest in the Altar copper-gold project in San Juan Province, Argentina from Sibanye Stillwater Limited. The Altar project hosts multiple porphyry copper-gold deposits with potential for additional discoveries. Altar forms part of a cluster of world-class porphyry copper deposits which includes Los Pelambres (Antofagasta Minerals), El Pachon (Glencore), and Los Azules (McEwen Copper). In March 2021 the Company announced an updated mineral resource estimate for Altar, prepared by Independent Mining Consultants Inc. and based on the drilling completed up to and including 2020.

Forward-Looking Statements

Certain statements regarding Aldebaran, including management's assessment of future-plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond Aldebaran's control. Often, but not always, forward-looking statements or information can be identified by the use of words such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate' or 'believes' or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved.

Specifically, and without limitation, all statements included in this press release that address activities, events or developments that Aldebaran expects or anticipates will or may occur in the future, including the expected use of proceeds of the Private Placement, the proposed exploration and development of the Altar project described herein, and management's assessment of future plans and operations and statements with respect to the completion of the anticipated exploration and development programs, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond Aldebaran's control. These risks may cause actual financial and operating results, performance, levels of activity and achievements to differ materially from those expressed in, or implied by, such forward-looking statements. Although Aldebaran believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and Aldebaran does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities law.

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ALDEBARAN RESOURCES INC. 4.05% 0.77 Delayed Quote.-11.90%
SOUTH32 LIMITED 1.28% 4.345 Delayed Quote.8.60%
All news about ALDEBARAN RESOURCES INC.
11/29Aldebaran Resources Inc. Reports Earnings Results for the First Quarter Ended September..
CI
11/15Aldebaran Announces Commencement of Drill Program at Altar Project
GL
11/15Aldebaran Announces Commencement of Drill Program at Altar Project
AQ
11/15Aldebaran Resources Inc. Announces Commencement of Drill Program At Altar Project
CI
11/02Aldebaran resources grants incentive stock options
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10/28Aldebaran Resources Inc. Reports Earnings Results for the Full Year Ended June 30, 2022
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10/24Aldebaran Resources Inc.(TSXV:ALDE) added to S&P/TSX Ventu..
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10/14Aldebaran Resources Inc. announced that it has received $5 million in funding
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09/07Aldebaran Resources Reports Results from Remaining Holes From 2021-2022 Altar Drill Pro..
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09/07Aldebaran Reports All Remaining Holes From 2021/2022 Altar Drill Program
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More news
Financials
Sales 2022 - - -
Net income 2022 -0,64 M -0,47 M -0,47 M
Net cash 2022 0,66 M 0,49 M 0,49 M
P/E ratio 2022 -127x
Yield 2022 -
Capitalization 107 M 78,3 M 78,3 M
EV / Sales 2021 -
EV / Sales 2022 -
Nbr of Employees -
Free-Float 78,9%
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Managers and Directors
John Ernest Black Chief Executive Officer & Director
Mark Wayne Chief Financial Officer & Director
Fernando Pickmann Independent Director
John MacKenzie Sibley Independent Director
James M. McDonald Independent Director
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