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
Gold & Silver Prices in
In the same category
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 | 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
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
4/1/2011$578,000 Flow-Through Private Placement
Nominations of Ditem Explorations Inc.
5/9/2013By-Law 2013-1, Advance Notice Provision for the Election of ...
Corporate news of Ditem Explorations Inc.
8/22/2013Bruell Property Program Underway
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
6/14/2011Lac Henri Rare Earth Exploration Program Underway
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%0.009+350.00%
TSX-V
CA$ 0.005
12/19 15:51 -
0%
Prev close Open
0.005 0.005
Low High
0.005 0.005
Year l/h YTD var.
0.005 -  0.020 -50.00%
52 week l/h 52 week var.
0.005 -  0.020 -50.00%
Volume 1 month var.
1,500 -50.00%
24hGold TrendPower© : 8
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
2014-50.00%0.020.01
2013-66.67%0.040.01
2012-25.00%0.080.02
2011-66.67%0.290.04
201071.43%0.160.04
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.