Dajin Closes $1,221,500 Financing
Vancouver, B.C. / TNW-ACCESSWIRE / October 20, 2014 / Dajin Resources Corp. (the "Company") ( DJI-V: TSX ) is pleasd to report that it has closed the non-brokered Private Placement announced on July 31, 2014 with the issuance of 24,430,000 Units to 46 investors for gross proceeds of $1,221,500. The 24,430,000 common shares issued pursuant to this financing are subject to a four month hold period expiring February 9, 2015. A finder's fee of 800,000 Units and $27,500 was paid in respect to this financing.
Each Unit consists of one common share in the capital of the Company ("Common Share") and one non-transferable share purchase warrant ("Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share of the Company at a price of $0.05 on or before October 10, 2016.
Proceeds from the Private Placement will be used for property exploration, project development,
the review of new projects and for general working capital.
About Dajin:
Dajin holds a 100% interest in concessions or concession applications in Jujuy Province, Argentina that were acquired in regions known to contain brines with potassium, lithium and boron values. These concessions total approximately 100,000 hectares (247,000 acres) with 80,248 hectares (198,000 acres) located in the Salinas Grandes/Guayatayoc salt lakes basin adjacent to concessions held by Orocobre Ltd. (ORL-T: TSX), who is partnered with Toyota Tsusho. Orocobre previously announced sampling results from their concessions and stated, "Extensive pit sampling at the Salinas Grandes salar shows the highest average lithium and potassium grades in Argentina and comparable with the Atacama brines."
For further information please contact:
DAJIN RESOURCES CORP.
Brian Findlay, President
Email : info@dajin.ca
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