Aldebaran Announces Full Exercise of the Underwriters’ Option and Provides Update on the Concurrent Private Placement

Core Viewpoint - Aldebaran Resources Inc. has successfully completed an upsized bought deal financing, raising a total of C$40,250,259 through the sale of common shares, which positions the company to advance its Altar project through the pre-feasibility study phase [1][3]. Financing Details - The underwriters exercised their full option to purchase an additional 1,615,395 common shares at a price of $3.25 per share [1]. - The company plans to issue 1,538,462 shares at $3.25 per share for proceeds of C$5,000,001.50 through a non-brokered private placement [2]. - The closing of the Offering is expected on February 5, 2026, while the Concurrent Private Placement is anticipated to close in mid-February 2026 [3]. Shareholder Engagement - Certain shareholders have anti-dilution rights, and the company has encouraged them to minimize their investment in this financing to allow for new institutional shareholders [2]. - The participation of Rights Holders in the Concurrent Private Placement will be considered a "related party transaction" under Multilateral Instrument 61-101, and the company intends to rely on exemptions from formal valuation and minority shareholder approval requirements [5]. Project Development - The CEO of Aldebaran stated that the financing allows the company to be fully funded for the Altar project, which is expected to enhance market liquidity and visibility [3]. - The Altar project is located in San Juan Province, Argentina, and hosts multiple porphyry copper-gold deposits with potential for further discoveries [8].