Dec. 4, 2009 (TheNewswire.ca) --
Vancouver, B.C. - December 4, 2009 - Dajin Resources Corp. (TSXV:DJI) ("Dajin")(DJI-V: TSX)(FRANKFURT: "C2U") announces that the non-brokered Private Placement announced November 30, 2009 has been increased to 3,500,000 Units at a price of $0.15 per unit for proceeds of $525,000, subject to regulatory approval. Each Unit will comprise one common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase for a period of one year, from receipt of final acceptance of the Private Placement by the TSX Venture Exchange, one additional common share of Dajin at a price of $0.20 per share. B & D Capital Partners are acting exclusively in respect to this financing and will receive a finder's fee in accordance with TSX Venture Exchange policy.
The proceeds from the Private Placement will be used for the establishment of corporate operations in Argentina, for testing of potash/lithium deposits and for general working capital.
About Dajin: (www.dajin.ca)
Dajin's representatives have made application to acquire a 100% interest in potash/lithium properties, in the provinces of Salta and Jujuy in Argentina. The principal properties are in the Salar de Salinas Grandes and Guyatayoc salt lake basin covering approximately 115,000 hectares or 285,000 acres.
In the British Columbia Cariboo Mining District Dajin owns a 100% interest in 20 mineral claims adjacent to Hawthorne Gold Corp's (OOTC:HWTHF) (TSXV:HGC) (HGC-V) Frasergold deposit and holds a 70/30 Joint Venture agreement with Hawthorne Gold Corp. in 18 adjacent claims, owns a 100% interest in 29 mineral claims in the Spanish Mountain region adjacent to Skygold Ventures Ltd's (TSXV:SKV) (SKV-V)Spanish Mountain gold discovery and holds a Joint Venture agreement with Cariboo Rose Resources Ltd. (TSXV:CRB) (CRB-V) whereby Dajin can earn a 65% interest in the Cowtrail Property which is adjacent to the Fjordland/Cariboo Rose copper gold joint venture part of which was recently optioned by Gold Fields Limited (NYSE:GFI) with a $19 million work commitment over the next 7 years.
For further information please contact:
DAJIN RESOURCES CORP. B & D CAPITAL PARTNERS
Brian Findlay or Dave Jenkins Brad Aelicks or Don Mosher
Phone: (604)-681-6151 Phone: 604-685-6465
E-mail: brian@dajin.ca E-mail: brad@bdcapital.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
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