Aldebaran Announces Closing of $40 Million Bought Deal Offering

Core Viewpoint - Aldebaran Resources Inc. has successfully closed a bought deal private placement offering, raising approximately $40.25 million through the issuance of 12,384,695 common shares at a price of $3.25 per share [1][2]. Group 1: Offering Details - The offering was led by ATB Cormark Capital Markets and Red Cloud Securities Inc. as co-lead underwriters [2]. - The common shares were issued under the listed issuer financing exemption, allowing for the sale without a prospectus in certain Canadian provinces, excluding Québec [3]. - The shares are not subject to a statutory hold period under Canadian securities laws, facilitating immediate resale [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to complete a prefeasibility study on the Altar copper-gold project located in San Juan province, Argentina, as well as for general working capital purposes [4]. Group 3: Company Background - Aldebaran Resources Inc. is a mineral exploration company that was established in 2018, holding an 80% interest in the Altar copper-gold project, which features multiple porphyry copper-gold deposits [7]. - The Altar project is part of a cluster of significant porphyry copper deposits, including notable projects like Los Pelambres and El Pachón [8].