03:57 PM EST - Aldrin Resource Corp. : announced that it has entered into property option agreements with Ryanwood Exploration Inc. to acquire a 100% interest in two mineral exploration properties in the Dawson Mining District, Yukon Territory. The Brew Property is comprised of 168 quartz mining claims covering an area of 33 square kilometers or 8,400 acres. In order to exercise its option on the Brew Property, Aldrin must pay Ryanwood a total of $425,000 over a four-year period ending June 26, 2013. Aldrin must also incur exploration expenditures totalling $1.50 million on or before November 15, 2012 and issue Ryanwood a total of 1.25 million common shares before June 26, 2013. Aldrin Resource Corp.
shares V.ALN are trading even at $0.15.
