News ReleaseDuncan Park Holdings Corporation Announces Warrant Exercise
14:17 EDT Monday, April 10, 2006
TORONTO, ONTARIO--(CCNMatthews - April 10, 2006) - Duncan Park Holdings Corporation (TSX VENTURE:DPH) announces that it has realized aggregate proceeds of approximately $946,000 through the exercise of common share purchase warrants and finder's warrants issued pursuant to an April 2005 private placement.
With proceeds from the warrant exercise, the Company has current working capital in excess of $2 million (unaudited).
About Duncan Park Holdings Corporation
Duncan Park is a Toronto-based junior exploration company with interests in three exploration properties in Northern Nevada.
The Elephant property, with both precious and base metal mineralization discoveries (see press release dated September 7, 2005), is in close proximity to the Phoenix mine project under development by Newmont, and is located in the Battle Mountain mining district within the prolific Battle Mountain-Cortez-Eureka gold trend. The Rock Creek-Silver Cloud property is located in the Northern Nevada Rift and features a potential for volcanic-hosted epithermal gold associated with the Midas Trough mineralization. The Santa Renia property is located within the Northern Carlin Trend-Midas Trough area with potential for both Midas and Carlin-type mineralization. The Elephant property is subject to a joint venture agreement with Randsburg International Gold Corp.