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| Home : Darnley Bay Closes Private Placement |
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Mar 16
2013 |
Darnley Bay Closes Private Placement |
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TORONTO, ONTARIO--(Marketwire - March 15, 2013) - Darnley Bay Resources Limited (TSX VENTURE:DBL) (the "Company" or "Darnley Bay") is pleased to announce that it has closed a non-brokered private placement of 10,000,000 units at a price of $0.05 per unit, for gross proceeds of $500,000. Each unit consists of one common share in the capital of the Company (a "Common Share") plus one warrant. Each warrant entitles the holder thereof to purchase one Common Share for a period of three years from the date of issuance of the warrants at an exercise price of $0.10 per Common Share. The securities issued pursuant to the private placement are subject to a four-month hold period. The private placement remains subject to final acceptance by the TSX Venture Exchange (the "TSXV"). |
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| Source:http://www.marketwire.com/mw/release.do?id=1768664&sourceType=3 |
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