January 2016 - Bull Market News

DNI Metals closes $100,000 first tranche of financing

Jan 30, 2016

DNI CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT Further to its news release dated Jan. 29, 2016, DNI Metals Inc. has closed, subject to final regulatory approval, the first tranche of its non-brokered private placement financing. The first tranche comprises two million units of the company at a price of five cents per unit for aggregate gross proceeds of $100,000. Each unit consists of one common share of the company and one common share purchase warrant of the company. Each warrant will entitle...

DNI Metals arranges $500,000 private placement

Jan 29, 2016

DNI Metals Inc.’s board of directors has approved a private placement allowing it to complete a non-brokered private placement of up to 10 million units at a price of five cents per unit for gross proceeds of $500,000, subject to regulatory approval. Each unit consists of one common share and one purchase warrant. Each warrant entitles the bearer to purchase one common share of the company at an exercise price of 10 cents per share for a period of 18 months from the closing date. The use...

CR Capital agrees to acquisition by DNI Metals

Jan 28, 2016

See News Release (C-CIT) CR Capital Corp Mr. Brian Howlett of CR reports CR CAPITAL CORP. SIGNS NON-BINDING LETTER OF INTENT CR Capital Corp. has entered into a non-binding letter of intent with DNI Metals Inc. pursuant to which DNI has agreed to acquire all of the issued and outstanding common shares of the company in an exchange ratio of two DNI shares for each one CR share for an aggregate of 16,654,674 common shares of DNI. As at the date hereof there are 8,327,337 CR shares issued and...

Happy Creek samples over 10,000 ppb Au at Silver Dollar

Jan 27, 2016

HAPPY CREEK EXPANDS GOLDFINCH ZONE WITH SAMPLES OVER 10 G/T GOLD IN SOIL ON THE SILVER DOLLAR PROPERTY Happy Creek Minerals Ltd. is providing an update on its 100-per-cent-owned Silver Dollar property, located in the Camborne mining camp, approximately 45 kilometres southeast of Revelstoke, B.C. In September, 2015, the company collected 203 soil samples from the Goldfinch claim. The samples were collected 25 metres apart on east-west-oriented lines that are 50 metres apart. Samples were...

Sierra Iron adds Fischer to technical advisory board

Jan 22, 2016

DR. PETER FISCHER JOINS ADVISORY BOARD Dr. Peter Fischer has joined Sierra Iron Ore Corp.’s newly created technical advisory board, which was formed to assist management with its exploration and development project in Emo, Ont. About Dr. Fischer Dr. Fischer holds a PhD in geology (1967), an MSc in geology (1963) and a BSc in natural sciences (1960) from the University of Munich in Germany. He has over 40 years of experience with many of the world’s recognized leaders in the mineral...