DNI completes interim financing to continue drilling on its Alberta polymetallic black shale projects, Athabasca Region, Albert

    




   

 TORONTO, Sept. 18, 2012 /CNW/ - DNI Metals Inc.   is pleased to announce that it has completed a non-brokered private  placement of flow-through shares, with arm's length parties, for  aggregate gross proceeds of $525,600. The securities issued under the  private placements are subject to a four-month hold period expiring on  January 19, 2013. 

 The financing consisted of the placement of 1,752,000 flow-through  shares at a price of 30 cents per share. A finder fee was paid in  connection with the placement, consisting of an aggregate of $36,792  and issuance of 122,640 warrants, each warrant entitling the holder to  purchase an additional common share of the company at a price of 30  cents for a period of twelve months from closing. Shares underlying the  broker warrants are subject to a four-month hold period expiring on  January 19, 2013. 

 Proceeds of the above financing, together with funds in treasury, will  be applied toward the drilling programs in progress at DNI's  polymetallic shale properties, Alberta. 

 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: 71,298,689 (post 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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