TSX-V
DNI.V
0,07 CA$
0,00%
COMPLETES ADDITIONAL INTERIM FINANCING FOR ALBERTA POLYMETALLIC BLACK SHALE PROJECTS
Publié le 06 février 2009
NEWS RELEASE - January 31, 2009
DUMONT NICKEL INC. (DNI : TSX-Ven,
DG7 : Frankfurt)
DUMONT COMPLETES ADDITIONAL INTERIM FINANCING FOR ALBERTA POLYMETALLIC BLACK
SHALE PROJECTS
DUMONT NICKEL INC. (DNI:TSX-Ven,
DG7:FSE) is pleased to announce that it has completed the first tranche of a
non-brokered private placement of non-flow-through shares, with arm's length
and non-arm's length parties, for total proceeds of $122,000 pursuant to terms
announced December 30, 2008. The securities issued under the private placements
are subject to a four-month hold period expiring on June 1, 2009.
The financing consisted of placement
of 12,200,000 units at a price of one cent per unit, each unit consisting of
one common share and one common share purchase warrant entitling the holder to
purchase an additional common share of the company at a price of five cents for
a period of twelve months from closing. Insiders of DUMONT participated in the placements
to an aggregate of $22,000.
Proceeds of the financing will be
applied toward ongoing work on DUMONT's polymetallic shale Properties in
Alberta, and toward meeting short term operating working capital requirements.
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 (132,848,010 post financing)