PRIVATE PLACEMENT CLOSING Montréal (Québec) Canada- DIOS EXPLORATION closes a non-brokered private placement with accredited investors and officers of DIOS , and close friends, by issuing a total of 777,811 flow-through Common Shares at $0.09 per share, for
DIOS EXPLORATION INC.
TSX-V : DOS
February 6, 2018
PRIVATE PLACEMENT CLOSING
Montréal (Québec) Canada- DIOS EXPLORATION closes a non-brokered private
placement with accredited investors and officers of DIOS , and close friends, by
issuing a total of 777,811 flow-through Common Shares at $0.09 per share, for
gross proceeds of $70,003. Securities issued are subject to a four-month hold period
expiring on June 3, 2018.
DIOS will use the proceeds to fund diamond drilling starting this week on
promising AU33 gold project, James Bay Eeyou Istchee, Quebec. Drilling
will target CLN goldbearing shear and prospective fold nose area 9 km east.
Insiders purchased an aggregate of 322,255 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 57,680,538 Common Shares of DIOS
issued and outstanding.
This private placement was carried out pursuant to prospectus exemptions of
applicable securities laws and is subject to final acceptance by the TSX Venture
Exchange.
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