DNI Metals Inc. signs Letter of Intent for a Graphite Property in Brazil
24.03.2015 | CNW
TORONTO, March 24, 2015 /CNW/ - DNI Metals Inc. ("DNI") (DNI : TSX-V)(DG7 : Frankfurt) has entered into an agreement with Atlantica Geologia e Mineração SA and Columbia Exploração Mineral Ltda, and Ricardo Oliveira Gallant de Menezes ("A&C"), upon completion of a 90 day Due Diligence period, and final board approval, DNI will complete a definitive agreement ("DA")DNI has the option to earn a 100% interest in the properties less a royalty retained by A&C, by fulfilling certain obligations that will be outlined in the DA.
Brazil is the second largest producer of flake Graphite in the World. DNI's team of experts, have been assessing graphite projects in Brazil, over the last number of years.
DNI is looking forward to working with the team at A&C. One package of claims that A&C have put together, is located next to a producing mine and the other package is located in an area known for large flake Graphite.
DNI's new management team, continues to assess Graphite Assets, around the world.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture DG7 - Frankfurt, Issued: 18,985,702 common shares
We seek Safe Harbour. This announcement includes forward looking statements. While these statements represent DNI's best current judgment, they are subject to risks and uncertainties that could cause actual results to vary, including risk factors listed in DNI's Annual Information Form and its MD&As, all of which are available from SEDAR and on its website.
Contact
DNI Metals Inc.
Dan Weir, President & CEO 416-595-1195
DanWeir@dnimetals.com
email ir@dnimetals.com
Also visit www.dnimetals.com