DNI announces flow through financing intention

    




 DNI METALS INC.  

 TORONTO, Dec. 21, 2011 /CNW/ - DNI Metals Inc.  is pleased to announce that it has filed documentation with regulatory  authorities to issue, by way of a non-brokered private placement  financing, up to 5,000,000 flow through shares, at a price of 40 cents  per share, for aggregate gross proceeds of up to $2,000,000.  Expectations are that an insider, other than DNI's management, will  subscribe for over 25% of the foregoing financing. Shares issued will  be subject to a four-month hold period. 

 The placements are subject to regulatory approvals, and will be exempt  from the formal valuation and minority shareholder approval  requirements of MI 61-101 as neither the fair market value of any  shares issued to or the consideration paid by such persons will exceed  25% of DNI's market capitalization. 

 Proceeds of the financing will be applied toward DNI's polymetallic  shale projects, Athabasca region. 

 DNI continues to focus its efforts on its polymetallic black shale  Properties in Alberta, and on its carried interest in the diamond  discovery on its Attawapiskat Property, Ontario. 

 Neither the TSX Venture Exchange nor its Regulation Services Provider  (as that term is defined in the policies of the TSX Venture Exchange)  accepts responsibility for the adequacy or accuracy of this release. 

 DNI - TSX Venture DG7 - Frankfurt Issued: 60,100,284 (pre-financing) 



DNI Metals Inc.


CONTACT:  DNI Metals Inc. - Shahe Sabag, President & CEO or Denis Clement,Chairman - 416-595-1195email [e-mail]. Also visit www.dnimetals.com 


    

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