Durango Announces Closing of Private Placement
DURANGO RESOURCES INC. NEWS RELEASE 06‐28‐13 Suite 2300 – 1066 W. Hastings Street TSX Venture Exchange (Oceanic Plaza) Trading Symbol: DGO Vancouver, BC V6E 3X2
DURANGO ANNOUNCES CLOSING OF PRIVATE PLACEMENT
June 28, 2013 ‐ Durango Resources Inc. (the "Company") announces the closing of its non brokered private placement as announced on June 17, 2013. Pursuant to the offering, the company has raised $152,100 to be used for general working capital by way of issuing 2,535,000 units at $0.06 with a hold period until October 28, 2013. Each unit consists of one common share and one share purchase warrant exercisable for three years at $0.10 expiring June 28, 2016.
Insider participation included A. Salman Jamal 250,000, Syndicated Capital Corp. (A. Salman Jamal) 300,000, Alasco Investments Ltd. (A. Salman Jamal) 150,000, Marcy Kiesman 350,000, and Steveston Finance Inc. (Marcy Kiesman) 150,000. Additionally, two pro group placees collectively purchased 180,000 units.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mining/exploration properties, mainly for gold and other precious metals. The Company has a 100% undivided interest in the McGillivray and KO Properties in British Columbia, the Strike 101‐114 gold property near Dawson City, Yukon, the Sol Riche and Tresor Nord/Sud REE properties in Montviel Township in Quebec, the Trove and Descouverte gold properties in the Abitibi of Quebec, the Montpellier and St. Sixte graphite properties in the Grenville region of Quebec, and the Stubble gold property in Saskatchewan.
For further information on Durango, please refer to www.sedar.com.
Marcy Kiesman, Chief Executive Officer Telephone: 604.696.1111 Facsimile: 888.266.3983 Email: [email protected] Website: www.durangoresourcesinc.com
Forward‐Looking Statements
This document may contain or refer to forward‐looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward‐looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward‐looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties, as it relates to Durango Resources Inc., please refer to the Company's Prospectus filed with SEDAR.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.