NEWS RELEASE - August 13, 2008
DUMONT NICKEL INC. (DNI : TSX-Ven, DG7 : Frankfurt)
DUMONT PLANS FINANCING
DUMONT NICKEL INC. (DNI:TSX-Ven, DG7:FSE) is pleased to announce its intention to conduct a non-brokered private placement financing consisting of up to 10 million units at a price of 5 cents per unit, for gross proceeds of up to $500,000, each unit consisting of one common share and one half of a share purchase warrant, each full warrant entitling the holder to purchase an additional common share of the company at a price for 10 cents for a period of eighteen months from closing. The financing is subject to regulatory approvals.
Proceeds of the financing will be applied toward completion of NI-43-101 compliant Technical Reports in connection with Dumont's recent acquisition of polymetallic shale Properties in Alberta and Saskatchewan, for commencing initial preparatory work on the Properties, and toward working capital. Insiders might participate in the financing.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 - Frankfurt
Issued: 104,798,010
Link to release on Canada Newswire:
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Dumont Nickel Inc
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EXPLORATION STAGE |
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CODE : DNI.V |
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ISIN : CA23327V1094 |
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Dumont Nickel is a nickel exploration company based in Canada. Dumont Nickel holds various exploration projects in Canada and in USA. Its main exploration properties are CANE SPRINGS and REDWALL URANIUM in USA and ATTAWAPISKAT DIAMOND PROPERTY, RATTLER, JAMES BAY LOWLANDS CLAIMS and TORNGAT in Canada. Dumont Nickel is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.9 millions as of today (US$ 1.5 millions, € 1.3 millions). Its stock quote reached its highest recent level on March 09, 2007 at CA$ 9.60, and its lowest recent point on December 30, 2015 at CA$ 0.06. Dumont Nickel has 29 590 000 shares outstanding. |