Private Placement Correction MONTRAL, QUEBEC--(Marketwired - May 24, 2016) -This document corrects and replaces the press release that was sent today at 13:57 ET.
DIOS EXPLORATION INC. (TSX VENTURE:DOS) (the "Corporation") reports the closing of non-brokered private placements totalling $1,150,450:
- a non-flow-through private placement consisting of 3,738,334 units for gross proceeds of $448,600; and
- a flow-through private placement consisting of 4,679,000 units for gross proceeds of $701,850.
Each non-flow-through unit, priced at $0.12 each, comprises one common share and one common share purchase warrant. Each warrant entitles its holder to subscribe for one common share at a price of $0.155 for a 24 month period. Each flow-through unit, priced at $0.15 each, comprises one flow-through common share and one half of one common share purchase warrant. Each full warrant entitles its holder to subscribe for one common share at a price of $0.20 for a 24 month period.
https://ca.finance.yahoo.com/news/correction-source-dios-exploration-closes-190600899.html