VANCOUVER, British Columbia, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. ("Aldebaran" or the "Company") (TSXV:ALDE, OTCQX:ADBRF) is pleased to announce the closing of its previously announced private placement offering (the "Offering") of common shares of the Company ("Common Shares"). Pursuant to the Offering, the Company issued 1,538,462 Common Shares at a price of $3.25 per Common Share for aggregate gross proceeds of $5,000,001.50. The Common Shares issued pursuant to the Offering are subject to a statutory hold period until June 18, 2026.
The Offering was completed in connection with the previously announced private placement (the "LIFE Offering") under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (see press releases dated January 26, January 27, February 3 and February 5), which closed on February 5, 2026. Collectively between the Offering and the LIFE Offering, the Company issued 13,923,157 Common Shares for total gross proceeds of $45,250,260.50.
Certain funds controlled by the Company's largest shareholder, Route One Investment Company LLC ("Route One"), acquired the 1,538,462 Common Shares issued pursuant to the Offering, which constitutes a "related party transaction" pursuant to Multilateral Instrument 61-101, Protection of Minority Securityholders in Special Transactions ("MI 61-101"). The Company has relied on the exemptions from the formal valuation and securityholder approval requirements contained in section 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, on the basis that the fair market value of the of the Offering is not more than 25% of the Company's market capitalization. A material change report was not filed more than 21 days in advance of closing the Offering as details of Route One's participation were not determined until ...
