DNI METALS INC. (DNI : TSX-Ven)(DG7 : Frankfurt)
TORONTO, April 6, 2015 /CNW/ - The Corporation's Board of Directors approved the filing with TSXV of a Private Placement Notice Form allowing it to complete a non-brokered private placement of up to 12,500,000 Common Shares at a price of $0.16 per Common Share for gross proceeds of $2,000,000.00 (the "Private Placement"). The offering will be subject to a 4 month plus 1 day hold. Subject to TSXV conditional approval.
The use of Proceeds of the Private Placement will be for corporate cash flow purposes.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 - Frankfurt
We seek Safe Harbour. This announcement includes forward looking statements. While these statements represent DNI's best current judgment, they are subject to risks and uncertainties that could cause actual results to vary, including risk factors listed in DNI's Annual Information Form and its MD&As, all of which are available from SEDAR and on its website.
SOURCE DNI Metals Inc.
For further information: DNI Metals Inc. - Dan Weir, President & CEO 416-595-1125, DanWeir@dnimetals.com, email firstname.lastname@example.org. Also visit www.dnimetals.com