BRIEF-Aldridge announces proposed US$40 million credit facility

Wed Sep 14, 2016 9:18am EDT
 
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Sept 14 (Reuters) - Aldridge Minerals Inc

* Aldridge announces proposed US$40 million credit facility

* Says intends to use a portion of credit facility to fully repay outstanding principal of U.S.$19.5 million

* Says remaining availability under credit facility would be used by company to fund its on-going land acquisitions

* Says credit facility would have a two year term Source text for Eikon: Further company coverage: