Darien Resource Development Corp. Completes Initial Public Offering
Darien Resource Development Corp. Completes Initial Public Offering
January 25, 2018 – Vancouver, British Columbia. Darien Resource Development Corp. (“Darien”) (TSXV: DRR)
is pleased to announce that, on January 25, 2018, it successfully completed its initial public offering (the “ IPO”) of
5,000,000 common shares (the “Shares”) of Darien at a price of $0.10 per Share for total gross proceeds of $500,000
(the “Proceeds”).
Pursuant to the agency agreement dated November 1, 2017, Mackie Research Capital Corporation acted as agent (the
“Agent”) on a commercially reasonable efforts basis for the IPO. Darien paid to the Agent a cash commission equal
to 8% of the Proceeds and granted the Agent non-transferable options entitling the Agent to purchase a total of 400,000
Shares at a price of $0. 10 per Share until January 25, 2020. In connection with the IPO, t he Agent also r eceived a
work fee.
Darien’s common shares were listed on the TSX Venture Exchange (“TSXV”) effective January 25, 2018 and halted
pending completion of the IPO. Darien anticipates that its common shares will resume trading on the TSXV on
January 29, 2018 under the symbol “DRR”.
About Darien
Darien is engaged in the acquisition and exploration of its mineral property located in Québec, Canada. Darien
currently has an option to acquire a one hundred percent (100%) undivided interest in the Exxeter Property, which is
situated approximately 45 kilometres east of Val d’Or, Québec.
The Proceeds will be used by Darien to fund its exploration program on the Exxeter Property and for general working
capital purposes.
Forward Looking Information
Information set forth in this press release contains forward -looking statements relating to the use of p roceeds, are
made as of the date of this news release and are based on assumptions as of that date. These statements reflect
management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future performance.
Darien cautions that all forward looking statements are inherently uncertain and that actual performance may be
affected by a number of material factors, many of whic h are beyond Darien ’s control. Such factors include, among
other things: risks and uncertainties relating to exploration and development; the ability of Darien to obtain additional
financing; Darien’s limited operating history; the need to comply with environmental and governmental regulations;
potential defects in title to Darien ’s properties, fluctuations in currency exchange rates; fluctuations in the prices of
commodities; operating hazards and risks; competition and other risks and uncertainties, including those described in
Darien’s Prospectus dated November 1, 2017 filed with the Canadian Securities Administrators and available on
www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially f rom the
estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as
required under applicable securities legislation, Darien undertakes no obligation to publicly update or revise forward-
looking information.
On behalf of the Board of Directors
Greg Crowe
CEO and Director
NEITHER 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.