NEWS RELEASE - November 23, 2012
DNI METALS INC. (DNI : TSX-Ven)(DG7 : Frankfurt)
DNI COMPLETES FINANCING TO CONTINUE ADVANCING ITS ALBERTA POLYMETALLIC BLACK SHALE PROJECTS THROUGH RESOURCE UPDATES TOWARD SCOPING STUDY
DNI METALS INC. (DNI:TSX-Ven, DG7:FSE) is pleased to announce that it has completed a non-brokered private placement of 1,666,666 flow-through shares at a price of 30 cents per share, with arm's length parties, for aggregate gross proceeds of $500,000. The securities issued under the private placements are subject to a four-month hold period expiring on March 23, 2013.
Proceeds of the above financing, together with funds in treasury, will be applied toward concluding resource updates in progress to continue advancing the Buckton Zone inferred resource, at DNI's Alberta polymetallic black shale properties, toward a Scoping Study. A portion of the funds will also be applied toward completion of an initial resource study relating to the Buckton South Zone which DNI commenced drilling during the recent drilling program (announced October 4, 2012).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 - Frankfurt
Issued: 73,257,022 (post financing)
For further information, contact:
DNI Metals Inc. - Shahe Sabag, President & CEO or Denis Clement, Chairman - 416-595-1195
email
ir@dnimetals.com. Also visit
www.dnimetals.com
Link to news release on CanadaNewswire.com:
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Polymet Mining Corp
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CODE : POM.TO |
ISIN : CA7319161021 |
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Polymet is a copper and nickel development stage company based in Canada. Polymet holds various exploration projects in USA. Its main exploration property is NORTHMET in USA. Polymet is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 909.5 millions as of today (US$ 727.2 millions, € 690.1 millions). Its stock quote reached its lowest recent point on March 27, 2020 at CA$ 0.26, and its highest recent level on September 04, 2020 at CA$ 8.30. Polymet has 318 549 984 shares outstanding. |