Ditem Explorations: $312,000 Flow-Through Private Placement
December 16 2010 - 2:20PM
Marketwired
Ditem Explorations (TSX VENTURE: DIT) is pleased to announce that
it has entered into an agreement for a non-brokered flow-through
private placement for an amount of $312,000 through the sale of
2,400,000 flow-through common shares at $0.13 each to CGE Resources
2010 L.P.. There are no warrants attached to the financing.
All securities issued pursuant to the offering will be subject
to a hold period of four months from the date of closing. The
private placement is subject to regulatory approval, including that
of the TSX Venture Exchange. A finder fee equal to 8% of the gross
proceeds will be paid in cash to Industrial Alliance Securities by
Ditem Explorations.
The gross proceeds from the private placement will be used by
Ditem Explorations for admissible flow-through exploration expenses
in the company's properties in Quebec.
Ditem Explorations is a uranium exploration and development
company with properties in the Athabasca Basin in Saskatchewan
(Beartooth Island and Cree Lake properties) and the Otish Basin
(Otish Uranium property) in Quebec. Properties and general
information may be viewed on the Company's website at
www.ditem.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Ditem Explorations David Vincent Director, Investor
Relations 514-875-9034 david.vincent@ditem.com www.ditem.com
(TSXV:DIT)
Historical Stock Chart
From Jun 2024 to Jul 2024
(TSXV:DIT)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about (TSX Venture Exchange): 0 recent articles
More Ditem Explorations Inc. News Articles