DNI CONCLUDES ITS STRATEGIC FINANCING TO ADVANCE ITS ALBERTA POLYMETALLIC BLACK SHALE PROJECTS THROUGH A RESOURCE STUDY AND EXPA
March 28 2011 - 5:58PM
PR Newswire (Canada)
TORONTO, March 28 /CNW/ -- TORONTO, March 28 /CNW/ - DNI Metals
Inc. (TSXV: DNI) (DG7: FSE) is pleased to announce that it has
concluded the second, and final, closing of the financing announced
on March 11, 2011, by completing a non-brokered private placement
of 416,667 flow-through shares with arm's length parties, for
aggregate gross proceeds of $50,000. The foregoing placement
relates to subscriptions in transit which were delayed and were,
accordingly, not captured in the first closing. The securities
issued under the private placements are subject to a four-month
hold period expiring on July 29, 2011. Proceeds of the financing
will be applied toward ongoing work on DNI's polymetallic shale
projects, Athabasca region, Alberta. These projects are now fully
funded. DNI continues to focus its efforts on its polymetallic
black shale Properties in Alberta, and on its carried interest in
the diamond discovery on 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:
58,351,884 (post financing) To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/March2011/28/c7219.html
p DNI Metals Inc. - Shahe Sabag, President & CEO or Denis
Clement, Chairman - 416-595-1195 email a
href="mailto:ir@dnimetals.com"ir@dnimetals.com/a. Also visit a
href="http://www.dnimetals.com"www.dnimetals.com/a /p
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