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DynaResource, Inc. Announces the Exercise of 1 M Common Share Options At $2.50 per Share, In the Total Amount of $ 2.5 M USD
DynaResource, Inc. Announces the Exercise of 1 M Common Share Options At $2.50 per Share, In the Total Amount of $ 2.5 M USD.
About this update from Dynaresource, Inc.
[{"type":"text","content":"\n \n \n DynaResource, Inc. Announces the Exercise of 1 M Common Share Options At $2.50 per Share, In the Total Amount of $ 2.5 M USD\n \n \nDynaResource, Inc. Announces the Exercise of 1 M Common Share Options At $2.50 per Share, In the Total Amount of $ 2.5 M USD\n \n IRVING, TX--(Marketwired - Aug 24, 2017) - (OTCQB: DYNR) - DynaResource, Inc. (\"DynaUSA\", and \"the Company\"), a minerals investment, management, exploration and development company based in Irving, Texas, with a current focus on the test mining and pilot milling operations at the San Jose de Gracia high grade gold project in northern Sinaloa State, Mexico (\"SJG\"), is pleased to announce that the Company has received proceeds in the amount of $ 2.5 M USD following the exercise of 1 Million outstanding options at a price of $2.50 per share. The option exercise was completed and funded on August 22, 2017 (the \"DR $2.50 Exercise\"). A summary of the DR $ 2.50 Exercise is set forth below:\n \n \n DynaUSA received the exercise of outstanding options to acquire 1 M common shares, and in doing so has sold 1 M common shares of the Company, issued under Regulation D, at a price per share of $2.50;\n \nDynaUSA received option exercise proceeds in the amount of $ 2.5 M USD;\n \nSubsequent to the DR $2.50 Exercise, DynaUSA reports a total of 17,722,825 Common Shares Outstanding;\n \n \n Mr. K.D. Diepholz, Chairman/CEO of DynaUSA said: \"I am pleased to receive the continued confidence and support from individual shareholders of the Company. The DR $2.50 Exercise continues our Company tradition of financing activities through the support of private equity. The proceeds from the DR $2.50 Exercise will support the ongoing expansion of the test mining and pilot milling operations being carried out by Mineras de DynaResource, SA de CV., the exclusive Operator at San Jose de Gracia (\"DynaMineras\"). DynaMineras, owned 100% by DynaUSA, projects the increase of outputs from the mine and mill in Q4 2017. I will look forward to reporting the results of expanded operations by DynaMineras at SJG.\"\n Mr. Eduardo Luna, Executive Advisor for DynaMineras at SJG, and a member of DynaUSA's Board of Directors said: \"I would like to thank the DynaUSA shareholders for their continued confidence and support. I am anxious to utilize this capital support in order to inj...