DNI METALS INC. (DNI : TSX-Ven)(DG7 : Frankfurt)
TORONTO, May 27, 2015 /CNW/ -
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 3,846,153 Units at a price of $0.13 per Unit for gross proceeds of $500,000.00 (the "Private Placement"). Subject to
TSXV conditional approval.
Each unit consists of one Common share and one
Warrant. Each warrant entitles the bearer to purchase one
Common Share of the company at an exercise price of C$.20 per share for a period of 18
months from the closing Date.
This financing amends the previously announced financing
announced in a press release dated April 6,
2015.
The use of Proceeds of the Private Placement will be for
corporate 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: 18,985,702
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.