Business
Dinero Ventures Completes IPO And Listing On The TSX Venture Exchange
Vancouver, British Columbia – August 10, 2022: Dinero Ventures Ltd. (the “Company”) is pleased to announce that it has completed its initial public offering (“I
About this update from Dinero Ventures Ltd
[{"type":"text","content":"Vancouver, British Columbia – August 10, 2022: Dinero Ventures Ltd. (the “Company”) is pleased to announce that it has completed its initial public offering (“IPO”) in which it distributed 5,000,000 common shares of the Company at a price of $0.15 per common share for aggregate gross proceeds of $750,000 pursuant to the Company’s final prospectus dated May 12, 2022. The Company’s common shares were listed on the TSX Venture Exchange at market open on August 10, 2022 and immediately halted pending the closing of the IPO. Trading of the common shares is expected to resume on the TSX Venture Exchange on or about Friday, August 12, 2022 under the trading symbol “DNO”. Pursuant to an agency agreement dated May 12, 2022, Research Capital Corporation (the “Agent”) acted as agent in respect of the IPO. In connection with the IPO, the Agent received a cash commission of $75,000 and an aggregate of 500,000 non-transferable share purchase warrants, each such warrant entitling it to purchase one common share of the Company for $0.15 at any time until August 10, 2024. The Agent also received a corporate finance fee of $35,000 plus taxes. The net proceeds of the IPO will primarily be used to fund a $450,000 exploration program on the Company’s Raven Property, located in the Lillooet Mining Division of British Columbia, as well as for general and administrative costs over the next twelve months. As a result of the closing of the IPO, the Company now has 22,200,000 common shares issued and outstanding. Additional information on the Company, the IPO and the Raven Property can be found in the Company’s final prospectus dated May 12, 2022 as filed on SEDAR at www.sedar.com. Contact Information - For more information, please contact:Randolph Kasum, Chief Financial Officer, Corporate Secretary and DirectorTel: (250) 615-8892Email: [email protected] Forward-Looking Statements This press release contains “forward‐looking information or statements” within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to the date of first trading in the Company’s common shares and its future business plans. All statements in this release, other than statements of historical facts, that address events or developm...