Darwin Announces First Tranche Non-Brokered Private Placement Closing
December 02 2013 - 6:45AM
Marketwired Canada
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO THE UNITED STATES.
Darwin Resources Corp. ("Darwin" or the "Company") (TSX
VENTURE:DAR)(PINKSHEETS:DARWF)(FRANKFURT:DWU) announces that further to the
Company's news release of October 30, 2013, the Company has closed the first
tranche (the "First Tranche") of its non-brokered private placement financing.
Under the First Tranche, the Company issued 7,566,417 units for gross proceeds
of $605,313.36. Each unit consists of one common share of Darwin and one-half of
one non-transferable common share purchase warrant. Each whole warrant is
exercisable to acquire one additional common share of Darwin at $0.14 per common
share for a period of two years from closing.
Sentient Global Resources Fund IV, L.P. (the "Sentient Fund IV"), part of a
group of funds which is an insider of Darwin (the "Sentient Funds"), has
purchased 3,800,000 units for gross proceeds of $304,000 under the First Tranche
closing. The Sentient Funds now hold approximately 29.98% of the issued and
outstanding common shares of Darwin on a non-diluted basis. Assuming the full
exercise of warrants issued to the Sentient Fund under the First Tranche
closing, the Sentient Funds will hold approximately 33.72% on a partially
diluted basis.
Dr. Graham Carman, President, Chief Executive Officer and a director of the
Company, also participated in the private placement by purchasing 243,750 units
for gross proceeds of $19,500 under the First Tranche closing.
The net proceeds of the private placement will be used to advance exploration
work at the Company's Suriloma project and for general working capital purposes.
The securities issued under the private placement are subject to a four-month
hold period.
This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
About Darwin Resources Corp (TSX VENTURE:DAR)(PINKSHEETS:DARWF) (FRANKFURT:DWU):
Darwin is a resource acquisition and development company. The Company has an
option to acquire 100% of the Suriloma epithermal gold - silver property in the
Department of La Libertad in Peru.
On behalf of the Board,
Dr Graham Carman, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Information
Darwin Resources Corp.
Mariana Bermudez
+1 (604) 685 9316
info@darwinresources.com
www.darwinresources.com
Darelle Online Solutions (TSXV:DAR)
Historical Stock Chart
From Oct 2024 to Nov 2024
Darelle Online Solutions (TSXV:DAR)
Historical Stock Chart
From Nov 2023 to Nov 2024
Real-Time news about Darelle Online Solutions Inc (TSX Venture Exchange): 0 recent articles
More Darwin Resources Corp. News Articles