News release
D Duran Ve entures A Announce es Second Closing g of Priva ate Place ement Fin nancing
(Toronto, Ont tario – Augus st 12, 2016) D Duran Ventur res Inc. (TSXV
V: DRV; BVL: DRV) (“Duran” or the “Co ompany”) is he of its previously anno p pleased to an nnounce that t it has completed the se econd tranch ounced $1,17 70,000 non‐ g”). The second tranche of the Offering g consisted of 1,180,000 b brokered priv vate placemen nt financing (the “Offering nits”) at $0.09 per Unit fo u units (the “Un or gross proce eeds of $106, ,200. Each Un nit consists o of one commo on share of t the Company y (“Common Share”) and one common n share purch hase warrant t (“Warrant”)
). Each Warra ant entitles the holder thereof to purc 0.15 for a period of two t chase one ad dditional Com mmon Share a at an exercis se price of $0 the first tranche. In conne e Offering, the Company y years from th he closing of t ection with t the second tr ranche of the of the Offering consisted p paid finders fe ees in the agg gregate amou unt of $1,620 0 cash. In tota al, the first tw wo tranches o o of a total of 7,898,421 Unit ts for aggrega ate gross proc ceeds to the C Company of $ $710,858.
he Aguila Norte plant A As previously y announced d, the net p proceeds from the Offer ring will be used for th pment and general and ng and expansion, Aguila Norte, Chuca c commissionin ara and Huac chacolpa prop perty develop a administrative e purposes.
A All securities i issued in the second tranc che of the Off fering will be subject to a r restricted per riod of four m months and o one day as req quired under applicable se ecurities laws s, expiring on December 13 3, 2016.
T The Company y is also pleased to announ nce that the O Offering has b been extende ed to Septem mber 12, 2016 6, subject to nal closings on or before f final TSX Vent ture Exchange approval. T The Company y expects to h hold one or m more addition September 12 2, 2016.
S
A About Duran
D Duran Ventur res Inc. is a C Canadian exploration company focused d on mineral processing a and the explo oration and d development of precious a and base metal properties in Peru.
F For further inf formation on n Duran please e visit www.d duranventure esinc.com .
Du uran Ventures s Inc. is a Can nadian resour rce company listed on the e TSX Ve enture Exchange and the B Bolsa de Valo ores de Lima:
: Symbol “DR RV”
For ad dditional info ormation, con ntact: Jeffrey y Reeder Tel: (647) 302‐32 or Oscar Pezo
- o at (011) 511 1 422‐1467
Website e: www.dura anventuresinc c.com Email
l: info@duran nventuresinc.
.com
N Neither the T TSX Venture E Exchange nor r its Regulatio on Services Pr Provider (as th hat term is de efined in the policies of the T TSX Venture E Exchange) ac ccepts respon nsibility for th he adequacy or accuracy o of this release e.
D Disclosure Re egarding Fo orward‐Lookin ng Statemen
nts: This pre ess release contains certain “Forwa ard‐Looking slation. We use words s S Statements” within the m meaning of a applicable se ecurities legis such as “mig ght”, “will”, “ “should”, “an nticipate”, “p plan”, “expec ct”, “believe”, “estimate”, , “forecast” and similar terminology to identify ard‐looking information. Such statem f forward looki ing statemen nts and forwa ments and inf formation are e based on a assumptions, estimates, opinions and a analysis made e by managem ment in light of its experie ence, current t conditions well as other factors whic a and its expec ctations of fu uture developments as w ch it believes s to be reaso onable and ward‐looking statements a nknown risks, uncertainties and other r relevant. Forw and informati ion involve kn nown and un f factors that m may cause ou ur actual results to differ r materially from those ex xpressed or implied in th he forward‐ looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. While the Company believes that the expectations expressed by such forward‐ looking statements and forward‐looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward‐looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward looking statements and forward‐looking information.