Altius to Increase Shareholdings in Alderon

Mar 22, 2018

VANCOUVER, British Columbia, March 22, 2018 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX:IRON) ("Alderon" or the “Company”) announces that it has been notified by Altius Minerals Corporation (“Altius”) that Altius has agreed to acquire 18,797,454 common shares (“Common Shares”) of Alderon, from Liberty Metals & Mining Holdings, LLC (“Liberty”). After the conclusion of the transaction, Altius will own a total of 51,838,916 Common Shares, or approximately 39% of the issued and outstanding Common Shares on a partially diluted basis. The shares will be acquired at a purchase price of $0.27 per share.

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