Duluth Metals Ltd DULMF

Be cautious - financing not yet closed

[miningfundi]

DM first announced a best efforts financing of up to $10.0 million. Then they announced that they had priced it at $0.65 per share to raise up to $8.6 million. Let's see if they manage to close on that amount - a lower amount would not be encouraging?

[estebancaballo]

Do you know when the financing closes? I am optimistic that it will go as scripted... I think they usually know in advance roughly how things will play out..... and this is really just chump change for the players......

[oceaneleven]

T.DM| 1 hour ago /NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, March 18, 2014 /CNW/ - Duluth Metals Limited (the "Company", "Duluth Metals") (TSX: DM) is pleased to announce that it has completed, together with Barclays, the first tranche of its previously announced best efforts private placement (the "

[Romper]

One would think that they are counting on this financing getting them to the PFS which should hopefully result in a higher share price. It will be intersting to see If Anto and Wal take up their shares.