Duncan Park Announces Flow-Through Share Offering; Proceeds Expected to Fund Resumption of Exploration
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 12/08/14 -- Duncan Park Holdings Corporation (TSX VENTURE: DPH) announced today that it intends to undertake a non-brokered private placement of up to $55,000 of flow-through common shares at a price of $0.05 per share.
Proceeds from the proposed best efforts offering are expected to be used for the resumption of geophysical exploration on the Dome claims in its Red Lake properties.
Completion of the private placement of up to 1,100,000 shares remains subject to, among other things, receipt of all requisite regulatory and other approvals.
Ian McAvity, President & CEO (and a 10%+ shareholder) of the Company, is expected to subscribe for 100% of the private placement.
A material change report in respect of the private placement will be filed on SEDAR in accordance with applicable securities law.
About Duncan Park
Duncan Park is a Toronto-based mineral exploration company exploring for gold and other precious metals in Ontario's prolific Red Lake gold mining district.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Duncan Park Holdings Corporation
Ian McAvity
President & CEO
416-203-0860
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Datum: 08.12.2014 - 21:41 Uhr
Sprache: Deutsch
News-ID 357947
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TORONTO, ONTARIO
Kategorie:
Mining & Metals
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