A Lithium Exploration Company
A Lithium Exploration Company
Suite 450-789 West Pender Street Telephone: (604) 681-6151
Vancouver, BC V6C 1H2 Fax: (604) 689-7654
www.dajin.ca Email: [email protected]
PRESS RELEASE
DAJIN ANNOUNCES REDUCTION OF WARRANT EXERCISE PRICE
AND EARLY WARRANT EXERCISE INCENTIVE PROGRAM
November 8, 2017 - Vancouver, BC - Dajin Resources Corp. (“Dajin”) (TSX -V: DJI) (OTC: DJIFF)
(Germany: A1XF20) is pleased to announce a warrant exercise incentive program (the “Program”) designed
to encourage the early exercise of up to 10,005,000 of its outstanding unlisted warrants (the “Warrants”),
which excludes any Warrants held by insiders of the Company. The warrants, currently exercisable at a price
of CAN$0.17 per common share of Dajin (a “Share”) until April 20, 2018, have been repriced to CAN$0.13
per S hare subject to the acceptance of the TSX Venture Exchange . The Warrants were issued by the
Company as part of a unit private placement financing originally announced on April 12, 2016 which closed
on April 20, 2016.
Pursuant to the Program, the Company is offering an inducement to each Warrant holder that exercises their
Warrants during a 20-calendar day early exercise period (“Early Exercise Period”), consisting of an
additional one -half of one share purchase warrant, with each whole wa rrant (the “Incentive Warrant”)
entitling the holder to purchase one additional Share for a period of 12 months from the date of issuance of
such Incentive Warrant at a price of CAN$0.17. The Early Exercise Period will commence November 9,
2017 and expire on November 29, 2017 (the “Early Exercise Expiry Date”). The Incentive Warrants will be
subject to a four-month hold period from the date of issuance.
“Warrant holders who take advantage of the opportunity to exercise their Warrants early wi ll strengthen
Dajin’s current cash position and provide the Company with additional working capital. The funds will be
used to advance our Salinas Grandes P roject in Argentina , which is joint ventured with LSC Lithium
Corporation, who recently announced h igh values of Lithium exceeding 3,000 mg/l on their tenements on
the Salinas Grandes salar and initiate our drill program on the Teels Marsh Project in Nevada”, commented
Brian Findlay, Dajin’s President & CEO.
Depending upon the number of Warrants exercised during the Early Exercise Period, Dajin expects to:
• Receive gross proceeds of up to CAN$1.33 million on or before the Early Exercise Expiry Date;
• issue up to 10,005,000 Shares pursuant to the exercise of Warrants by holders in accordance with the
original terms of the Warrants; and
• issue up to 5,002,500 Incentive Warrants to Warrant holders pursuant to the early exercise of the
Warrants on or before the Early Exercise Expiry Date.
The term and conditions of the Program and the method of exercising Warrants pursuant to the Program are
set forth in a letter which is being delivered to the registered address of each eligible Warrant holder along
with a form of subscription agreement (the “Subscription Agreement”) to be completed by Warrant holders
in relation to the issuance of the Incentive Warrants. Under the terms of the Subscription Agreement, Warrant
holders who wish to participate in the Program will agree to exercise their Warrants and deliver the other
necessary documents in consideration of the issuance by the Company of the Incentive Warrants.
Holders of Warrants who elect to participate in the Program will be required to deliver to the Company at
Suite 450 – 789 West Pender Street, Vancouver, B ritish Columbia, Canada, V6C 1H2 , by 4:30p.m.
(Vancouver time) on or before the Early Exercise Expiry Date, the following;
1. a duly completed and executed Subscription Agreement in the form to be provided to Warrant holders
by the Company;
2. a duly completed and executed Share Purchase Warrant Subscription Form attached as Schedule “A”
to their Warrant certificate;
3. the original Warrant certificate; and
4. the applicable aggregate exercise price payable to the Company in Canadian Dollars by way of
certified cheque, money order, bank draft or wire transfer
Any Warrants that are not exercised prior to the Early Exercise Expiry Date will remain outstanding and
continue to be exercisable for Shares of the Company on their current terms but at the reduced exercise price
of CAN$0.13 per Share. The Company will not be offering incentive Warrants to holders of Warrants who
have previously exercised their Warrants (a total of 300,000 Warrants have previously been exercised)
The Program is subject to the receipt of all final regulatory approvals, including the final approval of the
TSX Venture Exchange,
About Dajin: (www.dajin.ca)
Dajin is an early stage Lithium exploration company holding a 100% interest in 403 placer claims covering
7,914 acres (3,202 hectares) in the Teels Marsh valley of Mineral County, Nevada. These claims are
known to contain Lithium and Boron values and are adjacent to the birth place of US Borax Corp’s first
borax mine. Dajin also holds a 100% interest in 191 placer claims covering 3,851 acres (1,558 hectares)
in the Alkali Lake valley of Esmeralda County, Nevada, located 7 miles (11 kilometers) northeast of
Albemarle’s Silver Peak Lithium brine operation in Clayton Valley.
Dajin, through Dajin Resources S.A. (“Dajin S.A.”), holds concessions or concession applications in Jujuy
Province, Argentina that were acquired in regions known to contain brines with Lithium, Potassium, and
Boron values. These concessions exceed 93 ,000 hectares (230,000 acres) and are primarily located in the
Salinas Grandes/Guayatayoc salt lakes basin. Dajin S.A. is partnered with LSC Lithium Corporation who
has agreed to spend $2,000,000 to earn a 51% interest in Dajin S.A.’s Lithium properties w hile building a
significant presence in Argentina. (click here for information on LSC Lithium Corporation)
ON BEHALF OF DAJIN’S BOARD OF DIRECTORS
Brian Findlay For further information please contact:
President & CEO Julie Hajduk at 604-609-6151or [email protected]
Head of Corporate Development
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.