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FDG Mining Inc. Closes $3 Million Private Placement, Appoints Antonio Ponte as Executive Chairman

FDG Mining Inc. (FDG.V) has now completed its non-brokered private placement announced on February 25, 2013. The Company sold a total of 30,550,000 units at $0.10 per Unit for gross proceeds of $3,055,000.

The net proceeds of the Financing will be used tofund exploration and development of the Company's mineral properties in Nicaragua, for general working capital and corporate purposes.

FDG has appointed Antonio Ponte of Switzerland as Executive Chairman of the board of directors and granted him the right to nominate directors.

Shares are up 1 cent (6.67%) to 16 cents late morning, on volume 10,000.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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