Durango Announces Closing of Private Placement
June 28 2013 - 6:35PM
Access Wire
June
28, 2013 - Durango Resources
Inc. (the "Company") announces the
closing of its non brokered private placement as announced on June
17, 2013. Pursuant to the offering, the company has raised $152,100
to be used for general working capital by way of issuing 2,535,000
units at $0.06 with a hold period until October 28, 2013. Each unit
consists of one common share and one share purchase warrant
exercisable for three years at $0.10 expiring June 28,
2016.
Insider participation
included A. Salman Jamal 250,000, Syndicated Capital Corp. (A.
Salman Jamal) 300,000, Alasco Investments Ltd. (A. Salman Jamal)
150,000, Marcy Kiesman 350,000, and Steveston Finance Inc. (Marcy
Kiesman) 150,000. Additionally, two pro group placees collectively
purchased 180,000 units.
About Durango
Durango is
a natural resources company engaged in the acquisition and
exploration of mining/exploration properties, mainly for gold and
other precious metals. The Company has a 100% undivided interest in
the McGillivray and KO Properties in British Columbia, the Strike
101-114 gold property near Dawson City, Yukon, the Sol Riche and
Tresor Nord/Sud REE properties in Montviel Township in Quebec, the
Trove and Descouverte gold properties in the Abitibi of Quebec, the
Montpellier and St. Sixte graphite properties in the Grenville
region of Quebec, and the Stubble gold property in
Saskatchewan.
For further
information on Durango, please refer to www.sedar.com.
Marcy Kiesman, Chief Executive
Officer
Telephone: 604.696.1111
Facsimile: 888.266.3983
Email:
durangoresourcesinc@gmail.com
Website:
www.durangoresourcesinc.com
Forward-Looking Statements
This document may
contain or refer to forward-looking information based on current
expectations, including, but not limited to timing of mineral
resource estimates, future exploration or project development
programs and the impact on the Company of these events.
Forward-looking information is subject to significant risks and
uncertainties, as actual results may differ materially from
forecasted results. Forward-looking information is provided as of
the date hereof and we assume no responsibility to update or revise
them to reflect new events or circumstances. For a detailed list of
risks and uncertainties, as it relates to Durango Resources Inc.,
please refer to the Company's Prospectus filed with
SEDAR.
Neither 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.
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