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Dumont Nickel Inc

Publié le 16 juillet 2009

Concludes interim financing for Alberta Black Shale Project

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Mots clés associés :   Nickel |

NEWS RELEASE - July 16, 2009

 

DUMONT NICKEL INC. (DNI : TSX-Ven, DG7 : Frankfurt)


DUMONT CONCLUDES INTERIM FINANCING FOR ALBERTA POLYMETALLIC BLACK SHALE PROJECTS WITH SECOND TRANCHE CLOSING

 

DUMONT NICKEL INC. (DNI:TSX-Ven, DG7:FSE) is pleased to announce that it has completed the second, and final, tranche of the non-brokered private placement financing of flow-through and non-flow-through shares announced July 2, 2009. The second tranche consisted of the issuance of 2,340,000 units at a price of 2.5 cents per unit for gross proceeds of $58,500, each unit consisting of one common share and one common share purchase warrant entitling the holder to purchase an additional common share of the company at a price of five cents for a period of twelve months from closing. Securities issued are subject to a four-month hold period expiring on November 17, 2009.

 

The aggregate financing, which closed in two tranches, secured gross proceeds of $266,000 by: (a) placement of 2,700,000 flow through shares at a price of 2.5 cents each; and (b) placement of 7,940,000 units at a price of 2.5 cents per unit, each unit consisting of one common share and one common share purchase warrant entitling the holder to purchase an additional common share of the company at a price of five cents for a period of twelve months from closing. A total of $2,550 were paid in commissions. The foregoing figures include revisions to first tranche figures previously announced (July 2, 2009).

 

Proceeds of the financing will be applied toward ongoing work on DUMONT's polymetallic black shale Properties in Alberta, toward the related sampling and leaching testwork program announced June 11, 2009, to optimize metals recovery parameters, and toward meeting short term operating working capital requirements. Proceeds will also be applied toward field work scheduled to start in early August.

 

DUMONT continues to focus its efforts on its polymetallic black shale Properties in Alberta, and its carried interest in the recent diamond discovery from its Attawapiskat Property, Ontario.

 

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: 163,348,101 (165,688,101 post financing)

 

For further information, contact:
Dumont Nickel Inc. - Shahe Sabag, President & CEO or Denis Clement, Chairman (416-595-1195)
email
ir@dumontnickel.com. Also visit www.dumontnickel.com

 

 

Dumont Nickel Inc

EXPLORATEUR
CODE : DNI.V
ISIN : CA23327V1094
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Dumont Nickel est une société d’exploration minière de nickel basée au Canada.

Dumont Nickel détient divers projets d'exploration en USA et au Canada.

Ses principaux projets en exploration sont CANE SPRINGS et REDWALL URANIUM en USA et ATTAWAPISKAT DIAMOND PROPERTY, RATTLER, JAMES BAY LOWLANDS CLAIMS et TORNGAT au Canada.

Dumont Nickel est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,9 millions CA$ (1,5 millions US$, 1,3 millions €).

La valeur de son action a atteint son plus haut niveau récent le 09 mars 2007 à 9,60 CA$, et son plus bas niveau récent le 30 décembre 2015 à 0,06 CA$.

Dumont Nickel possède 29 590 000 actions en circulation.

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Financements de Dumont Nickel Inc
15/01/2009RE-PRICES OCTOBER, 2008, FINANCING WARRANTS
Projets de Dumont Nickel Inc
30/10/2009(Black Shales)Plans financing for its Polymetallic Black Shales
14/10/2009(Black Shales)Launches carbon capture and sequestration R&D
02/10/2009(Black Shales)Concludes interim financing for its Black Shales Project
20/10/2009(Black Shales)Launches baseline R&D to study Micro-organisms
17/09/2009(Black Shales)COMMENCES BIOLEACHING TESTWORK ON ITS ALBERTA POLYMETALLIC B...
22/09/2009(Black Shales)COMPLETES INTERIM FINANCING FOR ALBERTA POLYMETALLIC BLACK S...
16/07/2009(Black Shales)Concludes interim financing for Alberta Black Shale Project
11/06/2009STARTS METALS RECOVERY TESTWORK AND FILES INDEPENDENT CORROB...
10/03/2009(Black Shales)PLANS FINANCING FOR ITS POLYMETALLIC BLACK SHALE PROJECTS
10/11/2008TECHNICAL REPORT PROPOSES IMMENSE MINERAL POTENTIAL TONNAGES...
10/12/2007(Redwall Uranium) DISCOVERS FIVE COLLAPSE FEATURES AT REDWALL URANIUM PROPERT...
Communiqués de Presse de Dumont Nickel Inc
19/02/2015DNI announces granting of Options
07/04/2011DNI CONCLUDES ADDITIONAL FINANCING TO ADVANCE ITS ALBERTA PO...
28/03/2011DNI CONCLUDES ITS STRATEGIC FINANCING TO ADVANCE ITS ALBERTA...
07/05/2010RECEIVES SHAREHOLDER APPROVAL FOR SHARE CONSOLIDATION AND NA...
12/08/2009COMPLETES FIRST STAGE FIELD PROGRAMS, ALBERTA POLYMETALLIC B...
04/08/2009NICHOLAS TINTOR JOINS DUMONT AS NEW DIRECTOR
17/07/2009SELLS UTAH PROPERTIES FOR CASH PLUS ROYALTY
03/07/2009NEW RESULTS CONFIRM KIMBERLITES ON DUMONT'S ATTAWAPISKAT PRO...
18/02/2009COMPLETES SECOND TRANCHE INTERIM FINANCING FOR ALBERTA POLYM...
02/02/2009COMPLETES ADDITIONAL INTERIM FINANCING FOR ALBERTA POLYMETAL...
04/11/2008DIAMOND HUNT TO RESUME ON DUMONT'S ATTAWAPISKAT PROPERTY UND...
24/09/2008REVISES PLANNED FINANCING TERMS
19/09/2008SHAREHOLDERS APPROVE SHAREHOLDER RIGHTS PLAN
13/08/2008plans financing
29/07/2008EXECUTES SHAREHOLDER RIGHTS PLAN AGREEMENT
17/07/2008ESTABLISHES ADVISORY COMMITTEE
30/01/2008 EXPANDS U-BEVA URANIUM ZONE AT MARYSVALE PROPERTY, UTAH
04/10/2007GOLD PROJECTS UPDATE, CLIFTON-GOLDHILL MINING DISTRICT, UTAH
26/09/2007URANIUM PROJECTS UPDATE, UTAH AND ARIZONA
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TSX-V (DNI.V)Other OTC (DMNKF)
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