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| Home : Darnley Bay Announces Increase in Size of Private Placement and Entering Into Definitive Option Agreement |
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Apr 30
2016 |
Darnley Bay Announces Increase in Size of Private Placement and Entering Into Definitive Option Agreement |
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TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Darnley Bay Resources Limited (TSX VENTURE:DBL) ("Darnley" or the "Company") announces an increase to the size of its previously announced non-brokered private placement in an amount of $25,000 for aggregate gross proceeds of up to $325,000 (the "Offering"). The Offering will now be up to 13,000,000 units at a price of $0.025 per unit ("Unit"). Each Unit will consist of one common share ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant will be exercisable for one Common Share at a price of $0.05 per Common Share for a period of one year from the date of closing of the Offering, provided that should the Common Shares trade on the TSX Venture Exchange (the "TSXV") for 20 consecutive trading days at a price equal to or more than $0.10, the Warrants will expire 30 days later. |
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| Source:http://www.marketwired.com/mw/release.do?id=2119888&sourceType=3 |
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