Regulus Announces Spin-Out of New Company, Aldebaran Resources, with an Option to Acquire a Majority Interest in the Altar Copper-Gold Project, Argentina

Regulus Resources Inc. (“Regulus” or the “Company”) (TSX-V: REG) is pleased to announce that it has entered into an arrangement agreement (the “Arrangement Agreement”) to spin out its Argentine assets, including the Rio Grande and Aguas Calientes projects, into a newly formed company, Aldebaran Resources Inc. (“Aldebaran”). Under the terms of the Arrangement Agreement, Aldebaran will enter into a joint venture and option agreement (the “JV Agreement”) with Stillwater Canada LLC, an indirect subsidiary of Sibanye Gold Limited, trading as Sibanye-Stillwater (“Sibanye-Stillwater”), to acquire up to an 80% interest in Peregrine Metals Ltd. (“Peregrine”), a wholly-owned subsidiary of Sibanye-Stillwater, that owns the Altar Copper-Gold project in San Juan Province, Argentina (“Altar” or the “Altar Project”) … Read More