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| Home : Duran Ventures Announces Extension of Private Placement Financing |
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Sep 10
2016 |
Duran Ventures Announces Extension of Private Placement Financing |
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TORONTO, ONTARIO--(Marketwired - Sept. 9, 2016) - Duran Ventures Inc. (TSX VENTURE:DRV) (LMA: DRV) ("Duran" or the "Company") is pleased to announce that its previously announced non-brokered private placement financing (the "Offering") has been extended to October 10, 2016, subject to final TSX Venture Exchange approval. The Offering consists of up to 13,000,000 units (the "Units") at $0.09 per Unit for gross proceeds of up to $1,170,000. Each Unit consists of one common share of the Company ("Common Share") and one common share purchase warrant ("Warrant"). Each Warrant entitles the holder thereof to purchase one additional Common Share at an exercise price of $0.15 for a period of two years from the closing of each tranche of the Offering. The Company has closed the first two tranches of the Offering, consisting of a total of 7,898,421 Units for aggregate gross proceeds to the Company of $710,858. The Company expects to hold one or more additional closings on or before October 10, 2016. |
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| Source:http://www.marketwired.com/mw/release.do?id=2157175&sourceType=3 |
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