Aldebaran Announces Closing of Concurrent Private Placement

Core Viewpoint - Aldebaran Resources Inc. has successfully closed a private placement offering, raising a total of $5,000,001.50 through the issuance of 1,538,462 common shares at a price of $3.25 per share [1] Group 1: Offering Details - The private placement offering was part of a larger initiative, the LIFE Offering, which collectively raised $45,250,260.50 by issuing 13,923,157 common shares [2] - The shares issued in the offering are subject to a statutory hold period until June 18, 2026 [1] Group 2: Shareholder Participation - Route One Investment Company LLC, the largest shareholder, acquired the shares issued in the offering, which is classified as a related party transaction [3] - The company relied on exemptions from formal valuation and securityholder approval requirements due to the offering's fair market value being less than 25% of its market capitalization [3] Group 3: 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 4: Company Background - Aldebaran Resources Inc. is a mineral exploration company that holds an 80% interest in the Altar copper-gold project, which is part of a cluster of significant porphyry copper deposits [7][8]