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TORONTO, ONTARIO--(Marketwired - Oct. 7, 2016) - Duran Ventures Inc. (TSX VENTURE:DRV)(LMA:DRV) ("Duran" or the "Company") is pleased to announce that it has completed the fourth and final tranche of its previously announced $1,170,000 non-brokered private placement financing (the "Offering"). The fourth tranche of the Offering consisted of 1,603,500 units (the "Units") at $0.09 per Unit for gross proceeds of $144,315. 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 the fourth tranche of the Offering. In connection with the fourth tranche of the Offering, the Company paid finders fees in the aggregate amount of $2,700 cash. In total, the Offering consisted of 12,326,921 Units for aggregate gross proceeds to the Company of $1,109,423. |
