Defiance Closes Non-Brokered Private Placement
NEWS RELEASE
Defiance Capital Corp.
FOR RELEASE: April 15, 2011 TRADING SYMBOL "DEF: TSX.V"
Defiance Closes Non-Brokered Private Placement
Defiance Capital Corp. is pleased to announce that it has closed the non-brokered private placement announced on March 29, 2011, as amended April 13, 2011. Defiance issued 1,250,000 units at a price of $0.24 per unit for total proceeds of $300,000. Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one common share for a period of two years at a price of $0.32 per share.
No finder’s fees were paid in connection with the closing of the private placement. The securities issued under the offering will be subject to a four month hold period expiring August 16, 2011 in accordance with applicable Canadian securities laws.
The proceeds of the financing will be used to identify potential future acquisitions and for general working capital purposes.
Defiance Capital Corp. is an exploration company engaged in the acquisition, exploration and development of gold and silver projects in the United States and Latin America.
On behalf of the Directors of Defiance Capital Corp.
“Darrell A. Rader”
Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. _____________________________________________________________________________________________ 1500 – 409 Granville Street Telephone 778-330-0994 Vancouver, BC V6C 1T2 www.defiancecapital.ca