ALR

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Alder Resources Ltd. ("Alder" or the "Company") (TSX VENTURE:ALR) is pleased to
announce that it has completed its previously-announced non-brokered private
placement financing by issuing 30,000,000 units (the "Units") at a price of
$0.10 per Unit and 1,904,038 Units at a price of $0.1313 per Unit, for aggregate
gross proceeds of $3,250,000.


Each Unit consists of one common share of the Company and one-half of one share
purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof
to acquire one common share of the Company at an exercise price of $0.20 per
common share for a period of 24 months from the date hereof (the "Closing
Date"). If at any time after four months and one day from the Closing Date, the
shares of the Company trade at $0.40 per share or higher (on a volume weighted
adjusted basis) for a period of 30 days, the Company will have the right to
accelerate the expiry date of the Warrants to the date that is 30 days after the
Company issues a news release announcing that it has elected to exercise this
acceleration right. 


The common shares forming part of the Units and the Warrants will be subject to
a four month hold period that expires on June 1, 2012. 


The Company intends to use the proceeds from the sale of the Units to fund
exploration activities of the Company and for general corporate purposes. 


Granting of Stock Options

Alder also announces that it has granted 3,410,000 stock options to various
directors, officers, employees and consultants. Such options may be exercised at
a price of $0.22 per common share for a period of five years from the date
hereof and are subject to approval of the TSX Venture Exchange.


About Alder Resources Ltd.

Alder is a resource company focused on the development of gold and base metal
projects throughout Latin America. Current focus is on the Rosita project in
Nicaragua located 275 km northeast of Managua. Alder plans to continue to build
its property position with strategic acquisitions. 


Alder Resources Ltd.

Joseph Arengi, President & CEO

Cautionary Note Regarding Forward-looking Information 

This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, without limitation, the use of proceeds of the financing and the
Company's plans to build its property position with strategic acquisitions.
Generally, forward-looking information can be identified by the use of
forward-looking terminology 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 state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of Alder, as the case may be, to be materially
different from those expressed or implied by such forward-looking information,
including but not limited to: general business, economic, competitive,
geopolitical and social uncertainties; the actual results of current exploration
activities; risks associated with operation in foreign jurisdictions; ability to
successfully integrate the purchased properties; foreign operations risks; and
other risks inherent in the mining industry. Although Alder has attempted to
identify important factors that could cause actual results to differ materially
from those contained in forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can be
no assurance that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking information. Alder does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.

(TSXV:ALR)
Historical Stock Chart
From Jun 2024 to Jul 2024

(TSXV:ALR)
Historical Stock Chart
From Jul 2023 to Jul 2024