Aldrin Resource Corp.: Corporate Update
![Aldrin Resource Corp.: Corporate Update](https://www.minenportal.de/media/goldseiten-news.jpg)
The Board has also decided that further development of the Jenny Hill/Black Hills Prospect and Slate Mountain Prospect in Nevada by Aldrin is not warranted. Aldrin has terminated the Definitive Agreement respecting these Nevada prospects.
CEO Johnathan More states: 'We will be embarking in a new direction within the resource sector in 2012. We will be evaluating a number of prospective resource exploration properties and will advise shareholders at such time as a definitive agreement is reached on rights to a new prospect. As we enter this new phase, we have no debt and continue to have a strong cash position.'
Aldrin Resource Corp. is a Canadian-based mineral exploration company trading on the TSX Venture Exchange. Aldrin has until recently been focused on the development and exploration of strategic gold properties located in Canada's Yukon Territory and in the state of Nevada, USA.
ON BEHALF OF THE BOARD OF DIRECTORS
Johnathan More
President and CEO
Issued Share Capital: 40,050,000
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Aldrin Resource Corp.
Johnathan More, President and CEO
604-687-7741
604-662-3904 (FAX)
www.aldrinresourcecorp.com