NEWS RELEASE - May 7, 2010
DUMONT NICKEL INC. (DNI : TSX-Ven, DG7 : Frankfurt)
DUMONT RECEIVES SHAREHOLDER APPROVAL FOR SHARE CONSOLIDATION AND NAME CHANGE TO DNI METALS INC.
DUMONT NICKEL INC. (DNI:TSX-Ven, DG7:FSE) is pleased to announce that it received shareholder approvals at its Special Meeting held Friday, April 30, 2010, to consolidate its shares and to change its name.
DUMONT has, accordingly, amended its Articles and changed the company's name to DNI METALS INC. ("M�TAUX DNI INC." in its French version), and will consolidate its issued and outstanding shares on the basis of one (1) new common share for eight (8) old common shares. Shareholders were mailed a Letter of Transmittal from Equity Transfer & Trust Company, the Company's transfer agent and registrar.
The Company's shares will continue to be listed for trading under the trading symbol "DNI" on the TSX Venture Exchange, and will trade on a consolidated basis effective May 11, 2010.
DUMONT thanks its shareholders for their overwhelming support of the two above initiatives which enable the Company to continue advancing its polymetallic black shale projects, in the Athabasca region of Alberta, through planned 2010-2011 winter drilling toward a Scoping Study and Economic Analysis.
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.
DNI - TSX Venture
DG7 - Frankfurt
Issued: 23,236,001 (post consolidation)
Link to news release on Canadanewswire.com: