Darien Announces Closing of $4.37 Million Private Placement
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO
UNITED STATES NEWS WIRE SERVICES**
DARIEN RESOURCE DEVELOPMENT CORP.
#2300 – 1177 West Hastings Street
Vancouver, BC, Canada, V6E 2K3
Phone: 604-484-1232 / Fax: 604-408-7499 / Website: www.dariencorp.com
DARIEN ANNOUNCES CLOSING OF $4.37 MILLION PRIVATE PLACEMENT
NR18-04 February 26, 2018
Vancouver, B.C., February 26, 2018 – Darien Resource Development Corp. (TSX.V: DRR)
(“Darien” or the “ Company”) announces the closing of the final tranche of the non-broker ed
private placement financing (the “ Financing”) announced on January 29, 2018. The Company
has issued 7,913,000 shares (the “ Shares”) at a price of $0.25 per Share for gross proceeds of
$1,978,250. Together with the first tranche, the Financing com prised of 17,466,000 Shares and
raised gross proceeds of $4,366,500. A finder’s fee of $138,477.51 and 237,388 non-transferable
share purchase warrants (each warrant exercisable into one Shar e at a price of $0.25 for a period
of two years) was paid in connection with the final tranche of the Financing in accordance with
the policies of the TSX Venture Exchange.
Darien’s President and Chief Executive Officer, Grant Ewing, sa id “With the completion of the
Financing, Darien is well capita lized to pursue acquisitions of prospective mineral exploration
properties in mining-friendly ju risdictions. We have been work ing to identify attractive
opportunities in strategic commodities and will now be in a position to execute on our strategy to
grow and develop Darien.”
The Shares issued in connection with the final tranche of the Financing are subject to a four-month
restricted resale period expiri ng on June 27, 2018. Proceeds f rom the Financing will be used to
pursue acquisition opportunities that the Company has identifie d and for general corporate
purposes.
This press release does not constitute an offer of sale of any of the foregoing securities in the
United States. None of the foregoing securities have been and will not be registered under the U.S.
Securities Act of 1933 , as amended (the “1933 Act”) or any applicable state securitie s laws and
may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons
(as defined in Regulation S under the 1933 Act) or persons in the United States absent registration
or an applicable exemption from such registration requirements. This press release does not
constitute an offer to sell or t he solicitation of an offer to buy nor will there be any sale of the
foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
On behalf of Darien Resource Development Corp.
Grant Ewing, President & CEO
T: 604.484.1232
www.dariencorp.com
Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Note Regarding Forward-Looking Statements
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information
contained herein. This News Release includes certain “forward- looking statements”. Other than statements of
historical fact, all statements included in this release, including, without limitation, statements regarding future plans
and objectives of Darien Resource Development Corp., are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such s tatements. Important factors that could cause actual
results to differ materially from Darien’s expectations are the risks detailed herein and from time to time in the filings
made by Darien Resource Development Corp. with securities regul ators. Those filings can be found on the Internet
at http://www.sedar.com.