(MENAFNEditorial) TORONTO, Sept. 19, 2018 (GLOBE NEWSWIRE) -- Ahmet Tacyildiz ('Tacyildiz'), a director of Aldridge Minerals Inc. (TSX-V: AGM) ('Aldridge'), announces that he has filed an early warning report with respect to the acquisition on September 18, 2018 of 11,660,611 common shares in the capital of Aldridge ('Common Shares'), representing approximately 13.6% of the issued and outstanding Common Shares.
Prior to the transaction, Tacyildiz owned or controlled, with his affiliates, 50,617,442 Common Shares, representing approximately 36.0% of the issued and outstanding Common Shares. As a result of his purchase of the Common Shares noted above, Tacyildiz now owns or controls, with his affiliates, 62,278,053 Common Shares, representing 43.6% of the issued and outstanding Common Shares.
Tacyildiz acquired ownership of the shares at a price of C$0.065 per share, for total consideration of C$757,939.72, pursuant to a private purchase agreement for investment purposes. Tacyildiz has agreed to contribute all 62,278,053 Common Shares owned or controlled by him or his affiliates to Virtus Mining Ltd. ('Virtus') prior to closing of the plan of arrangement (the 'Arrangement') announced on September 18, 2018 involving Aldridge and Virtus, whereby Virtus would acquire all Common Shares not owned by it for a price of C$0.10 per share. Following the Arrangement, it is anticipated that the Common Shares will be delisted from the TSX Venture Exchange and Aldridge's status as a reporting issuer will be terminated. Please see the press release of Aldridge dated September 18, 2018 for further information in respect of the Arrangement.
This news release is issued under the early warning provisions of applicable Canadian securities legislation. A copy of the early warning report filed by Tacyildiz with applicable securities commissions in connection with this acquisition will be available for viewing under Aldridge's profile on SEDAR at For more information, please contact:
Ahmet Tacyildiz
c/o ANT Holding Anonim Şti.
Kore Sehitleri Caddesi
No: 8 Esentepe Sisli
34394 Istanbul
Turkey
Telephone: + 90 212 211 5300
E-mail:
MENAFN1909201800703653ID1097458892
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