Dumont closes $1 million private placement financing



    (DNI : TSX-Ven, DG7 : Frankfurt)

    TORONTO, April 14 /CNW/ - Dumont Nickel Inc. (DNI:TSX-Ven, DG7:FSE) is
pleased to announce that it has completed a non-brokered private placement of
10,000,000 units at a price of $0.10 per unit with arm's length parties for
total proceeds of $1,000,000. The financing was significantly over-subscribed.
Each unit consists of one common share of DUMONT and one half of a share
purchase warrant (the "Warrant"), each full Warrant entitling its holder to
purchase one additional common share of DUMONT at a price of $0.15 per share
for a period of up to 18 months from closing. The securities issued under the
private placements are subject to a four-month hold period expiring on August
15, 2007. A commission or finder's fee will be paid in connection with some of
the placements.
    Proceeds will be used to shortly commence drill testing the recently
discovered Carlin style disseminated sediment hosted gold target at the
Rattler Project Area, Utah; for ongoing work toward the scoping study in
progress at the Kiewit Gold Zone, Utah; for ongoing exploration over the Utah
and Nevada mineral properties; for new acquisitions and for working capital
purposes.
    The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

    DUMONT is a mineral exploration company with operations in Ontario, Utah
and Nevada. DUMONT is Operator of the Utah Joint Venture which controls
approximately 18 square miles of mineral properties across the historic
Clifton-Gold Hill gold-silver-copper Mining District. DUMONT holds one of the
most prospective land positions in the Attawapiskat diamond area in the James
Bay Lowlands, Ontario, with a carried interest in the Dumont Joint Venture
exploring the area through Metalex Ventures Limited and others under the
direction of Mr.Charles Fipke. All of Dumont's properties are being actively
explored either directly by DUMONT or via joint venture.

    DNI - TSX Venture
    DG7 - Frankfurt
    Issued: 96,198,010 (post financing)


    %SEDAR: 00010711E




For further information:

For further information: Dumont Nickel Inc. - Shahe Sabag, President &
CEO or Denis Clement, Chairman (416) 595-1195, email ir@dumontnickel.com. Also
visit www.dumontnickel.com

Organization Profile

DNI Metals Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890