June 3 (Reuters) - Alderan Resources Ltd AL8.AX :
* RECEIVED COMMITMENTS TO RAISE ABOUT $2.1 MILLION
* FUNDS WILL BE USED TO PROGRESS EXPLORATION AT COPPER-GOLD PROJECTS IN UTAH, USA
* PROCEEDS FROM CAPITAL RAISING WILL ENABLE ALDERAN TO COMPLETE EXPLORATION ACTIVITIES ACROSS ITS PROJECT PORTFOLIO IN UTAH, USA
* WILL ALSO ISSUE CONVERTIBLE NOTES WITH A FACE VALUE OF $1.215 MLN
* CONVERTIBLE NOTES WILL CONVERT TO SHARES AT 5 CENTS/SHARE UPON GETTING SHAREHOLDER APPROVAL
* EARNING UP TO 70% STAKE IN COPPER-GOLD VALLEY-CROSSROADS & DETROIT PROJECTS VIA OPTION AGREEMENT WITH TAMRA MINING