Liberty Metals and Mining Holdings acquires warrants of Alderon Iron Ore

BOSTON, MASSACHUSETTS–(Marketwired – July 3, 2015) – Liberty Metals & Mining Holdings, LLC (“LMM“) is pleased to announce that on June 30, 2015 it acquired 3,254,353 warrants (the “Warrants“) to purchase common shares of Alderon Iron Ore Corp. (“Alderon“) at a price of $0.2790 per common share, until December 31, 2018. The Warrants were acquired by LMM as consideration for its agreement to defer $915,200 payable due and payable to LMM on June 30, 2015 pursuant to the terms of the Loan Agreement (as defined herein).