Donner Metals Ltd.: $3 Million Private Placement
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/27/11 -- Mr. David Patterson, Chairman of Donner Metals Ltd., (TSX VENTURE: DON)(FRANKFURT: D4M) reports that the Company is undertaking a private placement in an amount of $3,000,000. The private placement will consist of 8,108,108 flow-through common shares at a price of $0.37 per share.
The funds raised by way of the private placement will be used for the advancement of the Matagami Project, Quebec.
Fees and commissions will be payable in connection with the private placement. A portion of the private placement may be brokered. The private placement is subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DONNER METALS LTD.
David Patterson, Chairman
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 news release.
Contacts:
Donner Metals Ltd.
Andrea Magee
(604) 683-0564 or Toll Free: 1-800-909-8311
(604) 602-9311 (FAX)
donner@bed-rock.com
www.donnermetals.com