Damara Announces Non-Brokered Private Placement
206 - 3500 Carrington Road, West Kelowna, BC V4T 3C1
Telephone (250) 768-0009 Fax (250) 768-0020 Web Site: www.damaragoldcorp.com
NEWS RELEASE
DAMARA ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
August 3, 2017 TSX-V: DMR
DAMARA GOLD CORP. (TSX -V:DMR) (“Damara” or the “Company”), reports that it intends to
complete a non-brokered private placement (the “Placement”) of up to 5,000,000 units (the “Unit”) at
a price of $0.05 per Unit. Each Unit will consist of one common share and one common share
purchase warrant (the “Warrant”). Each Warr ant will entitle the holder to purchase an additional
common share of the Company at a price of $0.10 for a period of 36 months following the closing of
the Placement (the “Closing Date”). Proceeds from this financing shall be used for investigating
project acquisitions and general corporate purposes.
It is anticipated that insiders will participate in the private placement on the same terms and
conditions as arm’s length subscribers.
Completion of the Placement is subject to TSX Venture Exchange approva l. All securities issued in
connection with the Placement will be subject to a hold period of four months plus a day from the
Closing Date.
About Damara
Damara Gold Corp. is a TSX Venture listed Canadian public company with a Board of Directors
seasoned in the mineral exploration industry with extensive and successful international experience
with a focus on identifying and acquiring prospective and under-explored gold properties worldwide.
ON BEHALF OF THE BOARD OF DIRECTORS OF DAMARA
“Larry Nagy”
Larry Nagy, Chief Executive Officer
For additional information visit Damara’s website at www.damaragoldcorp.com or contact:
Damara Gold Corp.
Larry Nagy
Chief Executive Officer or
Terese Gieselman
Chief Financial Officer
Ph: (250-768-0009)
NR: 17-3
Neither the 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.
Statements Regarding Forward-Looking Information
Certain statements contained in this news release may contain forward -looking information within the meaning of
Canadian securities laws. Such forward -looking information is identified by words such as “est imates”, “intends”,
“expects”, “believes”, “may”, “will” and include, without limitation, statements regarding the company’s plan of
business operations (including plans for progressing assets), estimates regarding mineral resources, projections
regarding mineralization and projected expenditures. There can be no assurance that such statements will prove to
be accurate; actual results and future events could differ materially from such statements. Factors that could cause
actual results to differ materially include, among others, metal prices, risks inherent in the mining industry,
financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes,
regulatory risks and environmental concerns. Most of these fa ctors are outside the control of the company.
Investors are cautioned not to put undue reliance on forward -looking information. Except as otherwise required by
applicable securities statutes or regulation, the company expressly disclaims any intent or obli gation to update
publicly forward-looking information, whether as a result of new information, future events or otherwise.