Alderan Resources: Raising $2.1M for Utah gold projects
- Alderan Resources (AL8) is sett to raise $2.1 million to progress exploration at its copper-gold projects in Utah
- Then the company will be raising the money through a placement and convertible notes
- Alderan is currently earning a 70 per cent interest in two Utah projects, Valley-Crossroads and Detroit, through an agreement with Tamra Mining
- Alderan is offering 18 million shares for 5 cents per share, in an aim to raise $900,000
- Both the projects have seen little modern exploration and have been underexplored
- On market close, Alderan is up 100 per cent and is trading for 12 cents each
