Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Ditem Explorations Inc.: Brokered Private Placement for $1,000,000
Published : November 20, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Gold | Market | Rare Earth |

MONTREAL, QUEBEC--(Marketwire - Nov. 20, 2012) - Ditem (News - Market indicators) is pleased to announce that it has signed an agreement for a brokered, private placement to raise gross proceeds of up to $1,000,000. The placement is composed of flow-through units (the "Flow-Through Units") for gross proceeds of $750,000 and cash units (the "Cash Units") for gross proceeds of $250,000. The agent is MGI Securities ("MGI") and the financing is subject to regulatory approval.

Each Flow-Through Unit offered at $0.05 shall consist of 1 Flow-Through common share and 1 common share purchase warrant. Each warrant entitles its holder to purchase one additional common share at a price of $0.10 for a period of 24 months from the Closing Date. Each Cash Unit offered at $0.05 will be comprised of 1 common share and 1 common share purchase warrant. Each warrant entitles its holder to purchase 1 additional common share at a price of $0.07 for a period of 12 months from the Closing Date and at a price of $0.10 for the following 12 months. There will be a hold period of 4 months on all securities issued.

MGI shall receive a cash commission equal to 10% of the gross proceeds and shall be granted warrants by the Corporation to acquire that number of Common Shares equal to 10% of the aggregate number of Flow-Through Units and Cash Units sold under the Offering (the "Agent's Warrants"), exercisable at a price of $0.10 per Agent's Warrant for a period of 24 months from the Closing Date. 

This Financing will be sold on a private placement basis pursuant to the "accredited investor" exemption under National Instrument 45-106 and certain other available and agreed upon exemptions. The selling jurisdictions for the Offering will be the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec, and such other provinces of Canada or other jurisdictions as agreed upon.

Ditem intends to use the proceeds of the Flow Through Units for exploration work on Ditem properties, namely the properties in the Detour Gold Trend, the Bruell gold property near Val-d'Or and on the Lalande rare earth property near La Romaine. Cash Units will be used for acquisitions and general administrative purposes.

Ditem is an exploration and development company with properties in Quebec situated in the Detour Gold Trend, the Bruell property in the Val-d'Or area, and the Lalande property on the North Shore near La Romaine and in the Otish Basin and, in Saskatchewan, in the Athabasca Basin. Properties and general information may be viewed on the Company's website at www.ditem.com.

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.

Ditem Explorations Inc.
Raymond Savoie
514-875-9034
rs@ditem.com
or
MGI Securities Inc.
Paul Bernard
514.570.7285
pbernard@mgisecurities.com
Companies Mentionned : Athabasca | Detour Gold |
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Ditem Explorations Inc.

EXPLORATION STAGE
CODE : DIT.V
ISIN : CA2549201010
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Ditem Expl. is based in Canada.

Ditem Expl. holds various exploration projects in Canada.

Its main exploration properties are BEARTOOTH ISLAND, TEMISCAMING, BEAVER LAKE (OTISH) and CREE LAKE in Canada.

Ditem Expl. is listed in Canada and in Germany. Its market capitalisation is CA$ 458 950 as of today (US$ 352 795, € 321 361).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 2.70, and its lowest recent point on February 06, 2015 at CA$ 0.01.

Ditem Expl. has 91 790 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Ditem Explorations Inc.
2007 Annual report
2006 Annual report
Financings of Ditem Explorations Inc.
11/20/2012Brokered Private Placement for $1,000,000
Nominations of Ditem Explorations Inc.
5/9/2013By-Law 2013-1, Advance Notice Provision for the Election of ...
Corporate news of Ditem Explorations Inc.
5/5/2015IIROC Trading Halt - NCR; DIT
10/22/2014IIROC Trading Resumption - DIT
9/16/2014IIROC Trading Halt - DIT
7/3/2013Results of the 2013 Annual Shareholders Meeting
12/20/2012Sale of 2% NSR for $1Million
9/25/2012CORRECTION FROM SOURCE/Ditem Signs LOI for Abitibi's Bruell ...
9/25/2012Signs LOI for Abitibi's Bruell Gold Property
9/6/2012Acquires 3 Properties in the Detour Gold Trend
4/12/2011Rare Earth Property Obtained
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (DIT.V)FRANKFURT (D8X.F)
0.005+0.00%0.0020
TSX-V
CA$ 0.005
08/10 15:53 -
0%
Prev close Open
0.010 0.005
Low High
0.005 0.005
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
0.005 -  0.010 -50.00%
Volume 1 month var.
0 -50.00%
24hGold TrendPower© : -5
Produces
Develops
Explores for Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
2016-50.00%
20150.00%0.010.01
20140.00%0.020.01
2013-66.67%0.040.01
2012-25.00%0.080.02
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Ormat technologiesORA
Document: Insider Ownership
US$ 43.38+0.21%Trend Power :
Anglo Asian Mining(Au-Cu)AAZ.L
FY2015 Results - Record gold production of 72Koz; 28.6Koz silver; 969t copper; and total revenues of
GBX 9.88-3.61%Trend Power :
Royal Gold(Ag-Au-Cu)RGLD
Royal Gold Announces Third Quarter Dividend
US$ 55.02-1.49%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Announces New Nominees to Board of Directors
CA$ 0.18-2.70%Trend Power :
Hecla Mining(Cu-Le-Zn)HL
Hecla to Acquire Mines Management
US$ 3.91-3.69%Trend Power :
CabotCBT
Board Increases Dividend
US$ 45.53+0.55%Trend Power :
Ormat technologiesORA
Ormat Technologies Secures $36 Million Supply EPC Contracts for a Geothermal Power Plant in New Ze
US$ 43.38+0.21%Trend Power :
Ivanhoe Mines(Ag-Au-Cu)IVN.TO
Kamoa Copper Project initiates major drilling program at the ne
CA$ 0.92-7.07%Trend Power :
Energy Fuels(Cu-Ni-Zn)EFR.TO
Announces Election of Directors and Results of Shareholder Meeting and Filing of Renewal of Prelimin
CA$ 2.87+0.00%Trend Power :
Claude Resources(Au-Cu-Ngas)CRJ.TO
Shareholders approve acquisition of Claude Resources by Silver Standard
CA$ 2.09+0.48%Trend Power :
Canalaska(Ag-Au-Co)CVV.V
Enters into $20.4 Million Deal with De Beers
CA$ 0.57-5.00%Trend Power :
Treasury MetalsTML.TO
Closing $4.0 Million Offering
CA$ 0.48-1.04%Trend Power :
American ManganeseAMY.V
CLOSES $200,500 PRIVATE PLACEMENT
CA$ 0.02-20.00%Trend Power :
UEX(Au-Cu-Ur)UEX.TO
Closes $7.25 Million Combined Flow-Through and Hard Dollar Private Placements
CA$ 0.22+2.33%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q1 2016 and Operations Update
CA$ 0.18-2.70%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Stornoway Announces Results From Annual General Meeting
CA$ 0.98+0.00%Trend Power :
Pure Gold.(Cu-Fe-Au)PGM.V
Intersects 10.9 g/t gold over 9.8 metres, Including 27.0 g/t gold over 3.8 Metres at the McVeigh Hor
CA$ 0.59-1.67%Trend Power :
Harvest Natural(Ngas-Oil)HNR
Announces 2016 First Quarter Results
US$ 0.43-4.44%Trend Power :
Premier Gold Mines(Au)PG.TO
Strengthens Senior Management
CA$ 2.85+1.06%Trend Power :
St Barbara(Au-Cu-Ni)SBM.AX
Presentation to Melbourne Mining Club
AU$ 2.58-3.01%Trend Power :