DNI completes interim financing to continue drilling on its Alberta polymetallic black shale projects, Athabasca Region, Albert
September 16 2012 - 10:05AM
PR Newswire (Canada)
TORONTO, Sept. 18, 2012 /CNW/ - DNI Metals Inc. is pleased to
announce that it has completed a non-brokered private placement of
flow-through shares, with arm's length parties, for aggregate gross
proceeds of $525,600. The securities issued under the private
placements are subject to a four-month hold period expiring on
January 19, 2013. The financing consisted of the placement of
1,752,000 flow-through shares at a price of 30 cents per share. A
finder fee was paid in connection with the placement, consisting of
an aggregate of $36,792 and issuance of 122,640 warrants, each
warrant entitling the holder to purchase an additional common share
of the company at a price of 30 cents for a period of twelve months
from closing. Shares underlying the broker warrants are subject to
a four-month hold period expiring on January 19, 2013. Proceeds of
the above financing, together with funds in treasury, will be
applied toward the drilling programs in progress at DNI's
polymetallic shale properties, Alberta. 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. DNI -
TSX Venture DG7 - Frankfurt Issued: 71,298,689 (post financing) DNI
Metals Inc. CONTACT: DNI Metals Inc. - Shahe Sabag, President &
CEO or Denis Clement,Chairman - 416-595-1195email ir@dnimetals.com.
Also visit www.dnimetals.com
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