DNI METALS INC. (DNI : TSX-V)(DG7 : Frankfurt)
TORONTO, March 24, 2015 /CNW/ - DNI Metals ("DNI") has
entered into an agreement with Atlantica Geologia e Mineração SA
and Columbia Exploração Mineral Ltda, and Ricardo Oliveira Gallant de Menezes ("A&C"),
upon completion of a 90 day Due Diligence period, and final
board approval, DNI will complete a definitive agreement ("DA")
DNI has the option to earn a 100% interest in the properties
less a royalty retained by A&C, by fulfilling certain
obligations that will be outlined in the DA.
Brazil is the second largest
producer of flake Graphite in the World. DNI's team of
experts, have been assessing graphite projects in Brazil, over the last number of
years.
DNI is looking forward to working with the team at
A&C. One package of claims that A&C have put
together, is located next to a producing mine and the other package
is located in an area known for large flake Graphite.
DNI's new management team, continues to assess Graphite Assets,
around the world.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 - Frankfurt
Issued: 18,985,702 common shares
We seek Safe Harbour. This announcement includes forward
looking statements. While these statements represent DNI's best
current judgment, they are subject to risks and uncertainties that
could cause actual results to vary, including risk factors listed
in DNI's Annual Information Form and its MD&As, all of which
are available from SEDAR and on its website.
SOURCE DNI Metals Inc.