DUMONT NICKEL INC. (DNI: TSX-Ven, DG7: Frankfurt)
TORONTO, Aug. 13 /CNW/ - Dumont Nickel Inc. (DNI:TSX-Ven, DG7:FSE) is
pleased to announce its intention to conduct a non-brokered private placement
financing consisting of up to 10 million units at a price of 5 cents per unit,
for gross proceeds of up to $500,000, each unit consisting of one common share
and one half of a share purchase warrant, each full warrant entitling the
holder to purchase an additional common share of the company at a price for
10 cents for a period of eighteen months from closing. The financing is
subject to regulatory approvals.
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 TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 - Frankfurt
For further information:
For further information: Dumont Nickel Inc. - Shahe Sabag, President &
CEO, or Denis Clement, Chairman, (416) 595-1195, email email@example.com.
Also visit www.dumontnickel.com