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Durango Receives Conditional Approval for Private Placement
(via TheNewswire) Vancouver, BC / TheNewswire / June 6, 2017 - Durango Resources Inc. (T...
About this update from Quantum Critical Metals Corp
[{"type":"text","content":"Durango Receives Conditional Approval for Private Placement(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / June 6, 2017 - Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTC-ATOXF), (the \"Company\" or \"Durango\") announces that it has received conditional approval from the TSX Venture Exchange (\"TSX-V\") to complete a private placement (the \"Financing\") of up to 5,000,000 units (\"Units\") of the Company at a price of $0.06 per Unit for aggregate gross proceeds of up to $300,000 which will be used in part to develop its wholly owned limestone project near Terrace, B.C. and for general working capital. \n\n\n \nEach Unit will consist of one common share of the Company and one share purchase warrant (\"Warrant\"). Each Warrant will entitle the holder to purchase on additional common share at an exercise price of $0.10 for 24 months from the closing date of the private placement. All securities purchased under the Financing will be subject to a hold period of four months and one day from the closing date. The Financing may close in one or more tranches.\n\n\n \nCertain directors and officers of Durango may participate in the Financing. All of the foregoing is subject to final approval of the TSX-V.\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 Company of t...