NEWS RELEASE - January 15, 2009
DUMONT NICKEL INC. (DNI : TSX-Ven, DG7 : Frankfurt)
DUMONT RE-PRICES OCTOBER, 2008, FINANCING WARRANTS
DUMONT NICKEL INC. (DNI:TSX-Ven, DG7:FSE) announces that, in light of current market conditions, it has filed an application with the TSX Venture Exchange to amend the terms of 550,000 of the 900,000 warrants issued under its private placement financing which closed on October 17, 2008 (the "Distribution Date") to reduce the exercise price from $0.10 to $0.05 per common share for a period of 12 months from the Distribution Date, and thereafter at an exercise price of $0.10 per common share for an additional period of 6 months.
This warrant repricing application is made in accordance with the terms of the Temporary Relief Measures of the TSX Venture Exchange issued on November 3, 2008.
All warrant holders have consented to the repricing of the warrants. The warrant amendment is subject to the TSX Venture Exchange acceptance for filing.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 - Frankfurt
Issued: 120,648,010
Link to release on Canada Newswire:
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : DNI.V |
ISIN : CA23327V1094 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Dumont Nickel is a nickel exploration company based in Canada. Dumont Nickel holds various exploration projects in Canada and in USA. Its main exploration properties are CANE SPRINGS and REDWALL URANIUM in USA and ATTAWAPISKAT DIAMOND PROPERTY, RATTLER, JAMES BAY LOWLANDS CLAIMS and TORNGAT in Canada. Dumont Nickel is listed in Canada and in United States of America. Its market capitalisation is 3.1 millions as of today (US$ 2.4 millions, € 2.1 millions). Its stock quote reached its highest recent level on March 09, 2007 at 9.60, and its lowest recent point on December 30, 2015 at 0.06. Dumont Nickel has 47 442 200 shares outstanding. |