DIOS: Private Placement With Directors
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 08/15/11 -- DIOS EXPLORATION (TSX VENTURE: DOS) reports its intent to undertake a private placement mainly with directors. This placement consists of 150 units for gross proceeds totaling $150,000. The unit price is $1,000 and each unit consists of flow-through Common Shares at $0.35 per share with one warrant per share. Each warrant will entitle its holder thereof to subscribe for one flow-through Common Share at $0.49 per share for a period of 12 months after the closing date and at $0.63 during the following 12 months.
The proceeds of this placement will be used to incur exploration expenses in the short term on gold-diamond Lake LeCaron property (Au33East), James Bay, Quebec, where DIOS discovered a high grade gold showing during Fall 2010 and many glacial till gold trains and kimberlite indicator minerals. Lake LeCaron property (Au33 East) is located north-east of Au 33 West recently optioned to OSISKO (July 5 press release) and also some km north of the Clearwater gold deposit and some tens of km south of the Eleonore gold deposit.
There will be a hold period of 4 months on all securities issued under this financing. This private placement is subject to regulatory approval and filings.
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.
Contacts:
Marie-Jose Girard, M.Sc. Geo
President & CEO
(514) 483-5149
(514) 510-7964 (FAX)
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Datum: 15.08.2011 - 14:00 Uhr
Sprache: Deutsch
News-ID 1030706
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contact information:
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MONTREAL, QUEBEC
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Kategorie:
Mining & Metals
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