DNI METALS INC. (DNI : TSX-V)(DG7 : Frankfurt)
TORONTO, Feb. 5, 2015 /CNW/ - Pursuant to an agreement signed between DNI Metals Inc. and Clifton Mining Company dated July 14, 2009, a 0.5% royalty shall be paid to DNI from the sale of product at the Kiewit Gold Project, Utah, USA.
Each payment is to be paid within 30 days of the end of each quarter.
Production began in November and Clifton Mining Company has paid DNI as per the terms of the agreement.
For more information, please refer to Clifton Mining's press release dated November 19th, 2014. http://www.newswire.ca/en/story/1448869/first-royalty-payment-and-meeting-update
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
Issued: 12,685,702 common shares
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 416-595-1195, DanWeir@dnimetals.com, email firstname.lastname@example.org. Also visit www.dnimetals.com