Business
Durango Closes Non-Brokered Private Placement
(via TheNewswire) Vancouver, BC - TheNewswire - March 13, 2020 - Durango Resources Inc. ...
About this update from Quantum Critical Metals Corp
[{"type":"text","content":"Durango Closes Non-Brokered Private Placement(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - March 13, 2020 - Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the \"Company\" or \"Durango\") announces that it has closed a non-brokered private placement (the \"Financing\") of four million units at a price of $0.05 per unit (\"Unit\") for gross proceeds of $200,000.00.\n\n \n \nEach Unit is comprised of one share and one warrant exercisable at $0.08 for a period of two years expiring March 11, 2022. The final closing of the Financing is subject to certain conditions, including, but not limited to, the final approval of the TSX Venture Exchange. All securities issued pursuant to the Financing are subject to a mandatory four month hold period expiring on July 13, 2020.\n\n \n \nInsiders of the Company participated in the Financing for an aggregate amount of $61,200, being 1,224,000 units. The net proceeds from the Financing will be used to prepare for explorations programs, working capital and general corporate purposes.\n\n \n \nMarcy Kiesman, CEO of Durango stated, \"In light of the recent market conditions, the board of directors elected to undergo a financing to generate additional flexibility for the Company in 2020. This financing will allow Durango to plan its exploration programs and to raise funds for these programs when the markets recover from current volatile conditions.\"\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 is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada.\n\n \n \nFor further information on Durango, please refer to its SEDAR profile at www.sedar.com.\n\n \n \nMarcy Kiesman, CEO\n\n\n \nTelephone: 604.428.2900 or 604.339.2243\n\n\n \nEmail: [email protected] \n\n\n \nWebsite: www.durangoresourcesinc.com \n\n \n \nForward-Looking Statements\n\n\n \nThis news release contains \"forward-looking information or statements\" within the meaning of applicable securities laws, which may include, without limitation, statements that address the upcoming work programs, and other statements relating to the business, financial and technical prospects of the Company. All sta...