DNI Metals Inc. (DMNKF)

[norweger1979]

Traderfan,

recall the last Financing PR from June 9th 2017
http://dnimetals.com/news/

DNI Metals - Closes Final Tranche of Financing


Toronto, Ontario--(Newsfile Corp. - June 9, 2017) - DNI Metals Inc. (DNI: CSE) (FSE: DG7N) (OTC Pink: DMNKF) ("DNI" or the "Company") DNI Is pleased to announce the following:

Further to its news release dated April 5th, 2017, the Company has closed, subject to final Regulatory approval, the final tranche (the "final Tranche") of its non-brokered private placement financing (the "Private Placement"). The final Tranche comprises 3,024,599 units of the Company (the "Units") at a price of CDN$0.065 per Unit for aggregate gross proceeds of CDN$196,599.00. Each Unit consists of one common share of the Company (a "Common Share") and one half common share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the holder to acquire one additional Common Share at a price of CDN$0.10 per Common Share for a period of 18 months following the date of the closing. All securities issued are subject to a four month hold period expiring on October 9th, 2017.

An aggregate cash commission of $2,369.57, in lieu of cash 144,607 units were issued, plus an aggregate of 27,160 common share purchase warrants (the "Finder's Warrants") are, subject to final Regulatory approval, payable in connection with the closing. Each Finder's Warrant will be exercisable into one Common Share at an exercise price of CDN$.10 for a period of 18 months following issuance.

Of course current shareholders would have liked the financing to be priced at CAD $0.10 after the spike to CAD $0.15 but that is NOT how institutional investors look at it. Sustained progress und longterm success.

Within 3months the market granted DNI to raise capital at above 20% better pricing! At CAD $0.08 vs CAD $0.065 and look at the pricing of the Warrants CAD $0.16 vs CAD $0.10!

Those are much better terms and speaks volume for DNI prospects!

good luck!