NEWS RELEASE - September 24, 2008
DUMONT NICKEL INC. (DNI : TSX-Ven, DG7 : Frankfurt)
DUMONT REVISES PLANNED FINANCING TERMS
DUMONT NICKEL INC. (DNI:TSX-Ven, DG7:FSE) is pleased to announce that it has amended the terms of its planned non-brokered private placement financing announced August 13, 2008, to better harmonize the terms with recent market conditions. The revised terms contemplate two different types of units, one of which also includes flow-through shares. The revised terms are as follows:
Unit-A: consisting of up to 1 million units at a price of 25 cents per unit, for gross proceeds of up to $250,000, each unit consisting of five (5) shares at five cents each, comprising four (4) flow-through shares, one (1) common share and one (1) common share purchase warrant entitling the holder to purchase an additional common share of the company at a price of 10 cents for a period of eighteen months from closing.
Unit-B: consisting of up to 5 million units at a price of 5 cents per unit, for gross proceeds of up to $250,000, each unit consisting of one (1) common share and one (1) share common purchase warrant entitling the holder to purchase an additional common share of the company at a price of 10 cents for a period of eighteen months from closing.
Proceeds of the financing will be applied toward completion of NI-43-101 compliant Technical Reports in connection with Dumont's recent acquisition of polymetallic shale Properties in Alberta and Saskatchewan, for commencing initial preparatory work on the Properties, and toward working capital. Insiders might participate in the financing.
The financing is subject to regulatory approvals.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 - Frankfurt
Issued: 104,798,010
Link to release on Canada Newswire:
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATEUR |
CODE : DNI.V |
ISIN : CA23327V1094 |
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Dumont Nickel est une société d’exploration minière de nickel basée au Canada. Dumont Nickel détient divers projets d'exploration en USA et au Canada. Ses principaux projets en exploration sont CANE SPRINGS et REDWALL URANIUM en USA et ATTAWAPISKAT DIAMOND PROPERTY, RATTLER, JAMES BAY LOWLANDS CLAIMS et TORNGAT au Canada. Dumont Nickel est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 3,1 millions (2,4 millions US$, 2,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 09 mars 2007 à 9,60 , et son plus bas niveau récent le 30 décembre 2015 à 0,06 . Dumont Nickel possède 47 442 200 actions en circulation. |