Dajin Resources Corp.: $1,200,000 Private Placement Negotiated
Vancouver, April 12, 2016 - Vancouver, BC - Dajin Resources Corp. ("Dajin") (C: DJI) (OTC: DJIFF) (Frankfurt: A1XF20) is pleased to announce that, subject to regulatory approval, a non-brokered Private Placement has been arranged for 10,000,000 Units at a price of $0.12 per unit for gross proceeds of $1,200,000. Each Unit is comprised of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of Dajin at a price of $0.17 per share for a period of two years from the closing of the Private Placement by the TSX Venture Exchange. A finder's fee may be paid in cash or units on closing in accordance with TSX Venture Exchange policy. The proceeds from the Private Placement will be used for property exploration, project development and for general working capital. About Dajin: (www.dajin.ca)
Dajin is an early stage energy metals exploration company holding a 100% interest in 265 placer claims known to contain Lithium and Boron values in the Teels Marsh region of Mineral County, Nevada. These claims, which cover 5,282 acres (2,138 hectares), are the birth place of US Borax Corp's first borax mine. Dajin also holds claims in the Alkali Lake region of Esmeralda County, Nevada. Dajin has entered into an option agreement with Nevada Energy Metals Inc. (C: BFF) to explore their 191 placer claims covering 3,851 acres (1,558 hectares) in this region, 7 miles (12 kilometers) northeast of Rockwood's Clayton Valley Lithium operations.
Dajin also 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 93,000 hectares (230,000 acres) and are located in the Salinas Grandes/Guayatayoc salt lakes basin adjacent to concessions held by Orocobre Ltd. (TSX: ORL), who is partnered with Toyota Tsusho. In July 2015, Dajin completed an agreement with the Tres Morros Cooperativa for exploration of the San Jose Project consisting of 4,400 hectares (10,873 acres) of mineral concessions (San Jose and Navidad) within the Salinas Grandes salar.
For further information please contact:
DAJIN RESOURCES CORP.
Brian Findlay, President
Phone: 604-681-6151; Fax: 604-689-7654
Email brian@dajin.ca
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