DNI Completes Financing to Continue Advancing its Alberta Polymetallic Black Shale Projects
DNI Metals Inc. (DNI.V) has completed a non-brokered private placement of 1,666,666 flow-through shares at a price of 30 cents per share, with arm's length parties, for aggregate gross proceeds of $500,000.
Proceeds of the financing, together with funds in treasury, will be applied toward concluding resource updates in progress to continue advancing the Buckton Zone inferred resource, at DNI's Alberta polymetallic black shale properties, toward a scoping study.
A portion of the funds will also be applied toward completion of an initial resource study relating to the Buckton South Zone which DNI commenced drilling
during the recent drilling program.
DNI shares rose half-a-cent to $0.245.
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