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| Home : Duran Ventures Inc. Announces First Closing of Financing |
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Jun 04
2012 |
Duran Ventures Inc. Announces First Closing of Financing |
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TORONTO, ONTARIO--(Marketwire - June 4, 2012) - Duran Ventures Inc. (TSX VENTURE:DRV) ("Duran" or the "Company") is pleased to announce that it has completed the first tranche of a $1,200,000 non-brokered, private placement financing (the "Offering"). The Offering consists of up to 15,000,000 units (the "Units") at a price of $0.08 per Unit, with each Unit comprised of one common share of the Company and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to subscribe for one additional common share at an exercise price of C$0.12 for a period of twelve months from the date of closing. The Offering also includes a provision for a finder's fee payable at a rate of up to 5% of gross proceeds from Units sold and broker warrants at a rate of up to 5% of the number of Units sold. The securities issued in connection with the Offering are subject to a four month hold period from the date of issue. |
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| Source:http://www.marketwire.com/mw/release.do?id=1665160&sourceType=3 |
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