A PRIVATE PLACEMENT CLOSING Montréal (Québec) Canada- DIOS EXPLORATION completes a closing of a non- brokered private placement with accredited investors as well as with directors and officers of DIOS , and family members and close friends of insiders by issuing a total
DIOS EXPLORATION
TSX-V: DOS December 27, 2017
A PRIVATE PLACEMENT CLOSING
Montréal (Québec) Canada- DIOS EXPLORATION completes a closing of a non-
brokered private placement with accredited investors as well as with directors and
officers of DIOS , and family members and close friends of insiders by issuing a total
of 1,734,667 flow-through Common Shares at $0.09 per share, for gross proceeds of
$156,120. The securities issued are subject to a four-month hold period expiring on
April 27, 2018.
DIOS will use the proceeds to fund diamond drilling this winter on promising AU33
gold project, James Bay Eeyou Istchee, Quebec.
Insiders purchased an aggregate of 434,111 flow-through shares, and, accordingly,
the private placement is a related party transaction within the meaning of Regulation
61-101 respecting Protection of Minority Security Holders in Special Transactions.
The insiders' participation is exempt from the formal valuation and minority
shareholder approval requirements provided under Regulation 61-101 in accordance
with sections 5.5(a) and 5.7(1)(a) of Regulation 61-101. The exemption is based on
the fact that neither the fair market value of the private placement, nor the
consideration paid by such insiders, exceeds 25 per cent of the market capitalization
of DIOS .
As a result of the private placement, there are 56,902,727 Common Shares of DIOS
issued and outstanding.
This closing of the private placement was carried out pursuant to prospectus
exemptions of applicable securities laws and is subject to final acceptance by the TSX
Venture Exchange. In connection with the offering, finders' fees equal to an
aggregate amount of $3,492 were paid to arm's-length third parties of DIOS .
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.
For more information, please contact:
Marie-Jose Girard, 43-101 QP
President & CEO
Tel. : (514) 923-9123