Aldrin Resource Corp. (TSXV:ALN) increased its private placement from $1,000,000 to $1,500,000, at $0.10 per unit. The Company also appointed Edward Marlow to its Board of Directors.
As quoted in the press release:
Mr. Marlow was most recently a Managing Director at Credit Suisse, he founded and ran the African Principal Investments Business at HSBC and was also the Global Head of Principal Investment coverage. In his prior years, Mr. Marlow worked for Insinger de Beaufort, UBS and Citigroup. Before entering banking he was an officer in the British Army. Mr. Marlow is currently the Chief Executive Officer of African Potash Limited, Chairman of Sanatana Resources Inc and a non-executive Director of Thor Explorations Inc. He was one of the founding advisory board members of Hathor Exploration before and after the Roughrider Discovery which was acquired by Rio Tinto plc in 2011 for $654 million. Additionally, Mr. Marlow was formerly a non-executive Director of ESO Uranium now Alpha Minerals Inc., which is a 50/50 JV Partner with Fission Uranium in the spectacular Patterson Lake Uranium Discovery.
Aldrin Resource Corp. President and CEO, Johnathan More, said:
We are thrilled to have Mr. Marlow join our Board of Directors. His past success with Hathor Exploration from its inception to its $654 million sale to Rio Tinto, as well as his early involvement with Alpha Minerals Inc.’s Patterson Lake project greatly enhances the depth of our Board of Directors.