Dumont completes second tranche interim financing for Alberta polymetallic black shale projects

    DUMONT NICKEL INC. (DNI: TSX-Ven, DG7: Frankfurt)

    TORONTO, Feb. 18 /CNW/ - Dumont Nickel Inc. (DNI:TSX-Ven, DG7:FSE) is
pleased to announce that it has completed the second, and final, tranche of a
non-brokered private placement of non-flow-through shares, with arm's length
and non-arm's length parties, for total proceeds of $22,000 pursuant to terms
announced December 30, 2008. The securities issued under the private
placements are subject to a four-month hold period expiring on June 19, 2009.
    The financing consisted of placement of 2,200,000 units at a price of one
cent per unit, each unit consisting of one common share and one common share
purchase warrant entitling the holder to purchase an additional common share
of the company at a price of five cents for a period of twelve months from
closing. Non-arm's length parties participated in the placements to an
aggregate of $12,000.
    Proceeds of the financing will be applied toward ongoing work on Dumont's
polymetallic shale Properties in Alberta, and toward meeting short term
operating working capital requirements.

    Neither 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: 132,848,010 (135,048,010 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