Ditem Explorations Inc.: $450,000 Non-Brokered Private Placement Closed

(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 12/22/11 -- Ditem (TSX VENTURE: DIT) is pleased to announce that it has closed a non-brokered private placement consisting of 450 flow-through units at a price of $1,000 per unit. Each unit consists of 16,000 flow-through common shares, 4,000 common shares and 10,000 common share purchase warrants, each warrant entitling its holder to purchase one common share at a price of $0.10 per share for a period of 24 months following the closing.

All securities issued pursuant to the offering will be subject to a hold period of four months from the date of closing. The private placement is subject to regulatory approval, including that of the TSX Venture Exchange. Ditem intends to pay an intermediary fee of 10% on the proceeds of the contemplated financing and issue Finder's Warrants for 10% of the number of shares issued, exercisable at $0.05 for a period of 24 months following the closing.

The gross proceeds from the private placement will be used by Ditem for admissible flow-through exploration expenses on the company's properties in Quebec.

Ditem is an exploration and development company with properties in the Athabasca Basin in Saskatchewan, the Otish Basin (Otish Uranium and Lac Henri) and on the North Shore near La Romaine (Lalande) in Quebec. Properties and general information may be viewed on the Company's website at .

Neither the 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.



Contacts:
David Vincent
Director, Investor Relations
(514) 875-9034

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 22.12.2011 - 21:01 Uhr
Sprache: Deutsch
News-ID 99633
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MONTREAL, QUEBEC

Kategorie:

Mining & Metals

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