Dios completed $1,250,000 private placement with 2 Investment Funds
December 22 2021 - 11:16AM
Dios Exploration Inc. (
Dios) is
pleased to report completion of a non-brokered private placement
with two Investment Funds totalling $1,250,000 at the price of
$0.10 per share and pursuant to which 12,500,000 flow-through
common shares were issued.
The net proceeds will be used for exploration
work, mostly diamond drilling, on Dios’
wholly-owned highly prospective K2 property, which
is adjacent southwest to Azimut Exploration inc.'s Elmer property
hosting Patwon gold discovery in the James Bay region, Quebec.
Securities issued under this financing will be
subject to a hold period of four months. This private placement is
carried out pursuant to prospectus exemptions of applicable
securities laws and is subject to final acceptance by the TSX
Venture Exchange. There is a finder’s fee of $100,000 in connection
with this financing to be paid to GloRes Securities, an arm’s
length party.
About Dios Exploration Inc.
Dios is a Quebec based exploration company
focusing on gold in glacial lands, through proprietary diamond till
sampling having also defined gold glacial dispersal trains with 502
claims along a major geological contact in James Bay, including the
K2, AU33, Clarkie, 33 Carats and 14K properties, all in the
renowned mining jurisdiction of Quebec. The strength of Dios’s gold
projects lies in their prospective location in James Bay along a
major geological structure that is also home to Newmont’s Eleonore
deposit and Azimut discovery. Dios’ strong technical team has
recognized expertise with more than 30 years experience in mineral
management and exploration projects, particularly in glacial
terrane, and in building strong relationships with local
communities. All exploration programs are subject to Dios’ strict
CSR guidelines.
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.
Contact information : |
|
Marie-José Girard, President, Geo M.Sc. |
|
mjgirard@diosexplo.com |
|
Tel.: (514) 923-9123 |
Website:
www.diosexplo.com |
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