Business
Durango Announces Closing of Second Tranche of Private Placement
(via TheNewswire) Vancouver, BC / TheNewswire / June 9, 2017 - Durango Resources Inc. (T...
About this update from Quantum Critical Metals Corp
[{"type":"text","content":"Durango Announces Closing of Second Tranche of Private Placement(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / June 9, 2017 - Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTC-ATOXF), (the \"Company\" or \"Durango\") announces that it has completed the second tranche of a non-brokered private placement, details of which can be found in the press releases dated June 6 and June 8, 2017. \n\n\n \nThe second tranche is composed of 1,066,667 units at a price of $0.06 per unit for gross proceeds of $64,000. Combined with the closing of the first tranche, Durango has raised a total of $233,409.\n\n\n \nCertain directors and officers of Durango participated in the financing and have acquired a combined aggregate from both tranches of 1,035,000 units for cumulative gross proceeds of $62,100. \n\n\n \nThe proceeds raised through the financing will be used to advance the limestone project in northern BC and for general working capital.\n\n\n \nClosing of tranches is subject to the receipt of regulatory approvals, including final acceptance by the TSX Venture Exchange. The four month hold period for all shares issued under the second tranche will expire on October 10, 2017, in accordance with Canadian Securities Laws. \n\n\n \nAbout Durango\n\n\n \nDurango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner's Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.\n\n \n \nFor further information on Durango, please refer to its SEDAR profile at www.sedar.com.\n\n \n \nMarcy Kiesman, Chief Executive Officer\n\n\n \nTelephone: 604.428.2900 or 604.339.2243\n\n\n \nFacsimile: 888.266.3983\n\n\n \nEmail: [email protected]\n\n\n \nWebsite: www.durangoresourcesinc.com\n\n \n \nForward-Looking Statements\n\n \n \nThis document may contain or refer to forward-looking information based on current expectations, including, but not limited to the exploration of its properties, completion of the Financing and the impact on the Co...