Vancouver, B.C. (FSCwire) - Deer Horn Capital Inc. (CSE: DHC) (the
“Company” or “Deer Horn”), announces that it has closed its private placement previously
announced on June 15, 2016, and has issued 2,000,000 units (2,000,000 shares and 1,000,000 warrants) raising a total of
$100,000. No finder’s fees were paid with respect to this private placement. The Company has also issued 2,000,000
units (2,000,000 shares and 1,000,000 warrants) to settle an aggregate of $100,000 in debt owed to suppliers, consultants and
creditors, including some insiders, as previously announced on June 15, 2016. The warrants issued under these transactions
are exercisable into shares at a price of $0.10/share for two years.
About Deer Horn
Deer Horn Capital is exploring and developing the Deer Horn Property, a rich gold and silver project with high tellurium
grades. The Deer Horn Property, located in north-central British Columbia, has produced positive economics in a Preliminary
Economic Analysis and, to our knowledge, hosts Canada’s only NI 43-101 tellurium resource.
On behalf of the board of directors of
Deer Horn Capital Inc.
“Tyrone Docherty”
Tyrone Docherty
President and CEO
For further information please contact:
Neither the Canadian Securities Exchange nor its regulations services accepts
responsibility
for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/DeerHornJuly292016.pdf
Source: Deer Horn Capital Inc. (CSE:DHC, OTC Pink:GODYF)
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