Donner Metals Ltd. Closes a Follow-On $250,250 Private Placement
![Donner Metals Ltd. Closes a Follow-On $250,250 Private Placement](https://www.minenportal.de/media/goldseiten-news.jpg)
Haywood Securities Inc. acted as sole agent and bookrunner with respect to the Brokered Private Placement (the "Agent"). The Corporation has agreed to pay the Agent a cash commission equal to 8% of the gross proceeds representing $20,020 and an 8% agent option representing an aggregate of 154,000 agent options (the "Agent Options"). Each Agent Option is exercisable for one Unit at a price of $0.13 per Unit until September 12, 2015.
The Corporation will use the proceeds for the purpose of advancing the Samson nickel-copper-PGE property, Valmond gold property, Preissac nickel-copper-PGE property and other exploration properties that are in discussions with potential partners in Québec as well as for general corporate purposes.
The Private Placement was conditionally accepted by the TSX Venture Exchange on September 4, 2014 and remains subject to final approval.
About Donner Metals
Donner is an exploration company focused on the development of mineral exploration projects in Quebec and on executing a roll-up strategy that includes the acquisitions of operating mines. The Corporation is committed to a leading standard of practice with respect to health, safety, community relations and environmental management.
Neither 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.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Donner's periodic reports including the annual report or in the filings made by Donner from time to time with securities regulatory authorities.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
Contact
Donner Metals Ltd.
Normand Champigny, President and Chief Executive Officer
514.286.1565
donner@bed-rock.com
www.donnermetals.com