Dunnedin Closes Private Placement, Announces Board and Advisor Appointments

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[{"type":"text","content":"Dunnedin Closes Private Placement, Announces Board and Advisor AppointmentsVancouver, British Columbia--(Newsfile Corp. - April 29, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the \"Company\" or \"Dunnedin\") today announced that it has closed a non-brokered private placement of non flow-through units (each, a \"NFT Unit\") and flow-through units (each, a \"FT Unit\") for gross proceeds of $1,482,050 (the \"Offering\"). The Company has issued 11,458,999 NFT Units at a price of $0.075 per share and 5,534,448 FT Units at a price of $0.1125 per share through the Offering. Each Unit consists of one common share and one-half-of-one common share purchase warrant entitling the holder to acquire an additional common share at a price of $0.15 for a period of twenty-four months. The common share purchase warrants issued as part of the Units are subject to accelerated expiry in the event the common shares of the Company trade on the TSX Venture Exchange at a closing price of $0.25 or more for twenty consecutive trading days. Claudia Tornquist, President of Dunnedin, said: \"Dunnedin's team is looking forward to kicking off a busy exploration season on several fronts, and we are now fully funded for this work. Over the winter months we have expanded our project portfolio through two acquisitions in the copper porphyry space, MPD and Mohave, to add to our existing copper project, Trapper. This means we now have additional opportunities over and above our Kahuna diamond project in Nunavut and are in a position to explore throughout the year. We will start within weeks with an exploration program at the formerly drilled and recently consolidated MPD in southern BC, which we are confident presents an excellent opportunity for discovery.\"In connection with the closing of the placement the Company paid finders' fees of $34,496 and issued 451,240 common share purchase warrants exercisable to acquire common shares of the Company (each, a \"Finders Warrant\") to eligible parties who introduced subscribers to the placement. All securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period from the date of issue, expiring on September 2, 2019.Proceeds of the Offering will be used to fund the Company's exploration program on the MPD copper porphyry project in British Columbia and for general c...

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