DNI METALS INC. (DNI : TSX-V)(DG7N : Frankfurt)
TORONTO, June 30, 2015 /CNW/ - DNI Metals Inc "DNI"
obtained approval from the TSX Venture Exchange, for its
acquisition of mining claims in Madagascar. For complete details of the
transaction, see DNI's press release June
15, 2015.
DNI announces that it has completed the second tranche of a
non-brokered Private Placement by issuing 3,135,000 units at a
price of $0.13 per unit, for gross
proceeds of CAD$407,550.00. The
securities issued in the Second tranche of the Private Placement
are subject to a four-month-and-one-day hold period expiring on
November 1, 2015, pursuant to
applicable securities legislation and the policies of the TSX
Venture Exchange ("TSXV"). A Finder's Fee of $17,706.00 cash and 84,200 common shares will be
paid in connection with this financing.
Private Placement
The Corporation's Board of Directors has approved a Private
Placement allowing it to complete a non-brokered private placement
of up to 6,923,076 Units at a price of $0.13 per Unit for gross proceeds of $900,000.00 (the "Private Placement"). Subject to
TSXV approval.
Each unit consists of one Common share and one
Warrant. Each warrant entitles the bearer to purchase one
Common Share of the corporation at an exercise price of
C$.20 per share for a period
of 18 months from the closing date.
The use of Proceeds of the Private Placement will be for
corporate cash flow purposes.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 - Frankfurt
Issued: 29,186,204 common shares
We seek Safe Harbour. This announcement includes forward
looking statements. While these statements represent DNI's best
current judgment, they are subject to risks and uncertainties that
could cause actual results to vary, including risk factors listed
in DNI's Annual Information Form and its MD&As, all of which
are available from SEDAR and on its website.
SOURCE DNI Metals Inc.