(DNI : TSX-V)(DG7N : Frankfurt)
TORONTO, Oct. 7, 2015 /CNW/ - Further to DNI's press
release dated October 7, 2015, IIROC
has requested clarification of some of the information.
DNI would like to retract the following:
1. DNI retracts the use of the terms "super
Jumbo" and "world-class" in reference to the flake size of the
graphite subject to testing on the Company's Madagascar
Property.
2. DNI would like to retract the reference to
the "development of an NI43-101 compliant resource."
3. DNI would like to retract the following
statement due to it being potentially misleading. "What does 67.4%
jumbo/large flake mean? There are only a few known deposits in the
world that have flake distribution greater than 60%, one of them is
50kms south of our Madagascar
property. Depending on the purity, the larger the flake size,
the per tonne value increases."
4. The Company has a wholesale division it
which it has bought 22 tonnes of Graphite in Brazil and sold it in North America. DNI
plans to grow this business. The following phrase was
reference to the wholesale business, and not its mining claims in
Madagascar.
"DNI is providing its clients with a Secure, Reliable and
Consistent source of Graphite. DNI is supplying a Chinese
alternative."
5. DNI would like to retract the use of the
term "ore" it is a restricted term only to be used when referencing
mineral reserves.
Jumbo and Large Flake distribution of greater than
67.4%.
Flake
Size
|
Flake
Distribution
|
Flake
Description
|
|
|
%
|
|
|
|
|
|
|
+30 Mesh / +595
Microns
|
25.3%
|
Jumbo
|
|
+50 Mesh / +297
Microns
|
29.5%
|
Jumbo
|
|
+70 Mesh / +210
Microns
|
12.6%
|
Large
|
|
+100 Mesh / +149
Microns
|
9.9%
|
Medium
|
|
+140 Mesh / +105
Microns
|
5.8%
|
Small
|
|
-140 Mesh / -105
Microns
|
16.9%
|
Small
|
|
Total
|
100.0%
|
|
|
Further information about DNI, can be found on its website.
www.dnimetals.com
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSX.V) accepts
responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7N – Frankfurt
Issued: 29,586,204 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.