Dunnedin Raises $1.1 Million
DUNNEDIN VENTURES INC.
Suite 1110, 1111 West Georgia Street
Vancouver, BC V6E 4M3
Tel: 778-327-5799/ Fax: 778-327-6675
For Immediate Release TSX-V: DVI
DUNNEDIN RAISES $1.1 MILLION
January 3, 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc . (the "Company" or "Dunnedin")
(TSX-V: DVI) today announced it has received gross proceeds of $1,119,031 from a combination of
warrant exercise and flow through financing.
Through a warrant acceleration program announced in November 2016, as well as receipt of other exercised
common share purchase warrants, the Company has received gross proceeds of $734,031 and has issued
7,343,307 common shares. All accelerated $0.10 warrants were exercised by warrant holders.
The Company also announces it has closed a $385,000 flow-through financing on December 30, 2016. The
Company issued 1,750,000 flow-through common shares in its capital stock at a price of $0.22 per flow-
through share. Proceeds from the flow -through offering will be used to finance qualified Canadian
exploration expenditures (CEE) work primarily related to the Company's Kahuna project in Nunavut.
In connection with closing of the placement, the Company paid fees of $30,800 and issued 140,000 warrants
to finders who i ntroduced subscribers to the C ompany. Each warrant is exercisable to acquire one non -
flow-through share at a price of $0.22 per share for a period of thirty -six months. All securities issued in
connection with the placement are subject to a four-month-and-one-day statutory hold period.
“Dunnedin is entering 2017 strongly positioned to benefit shareholders through ongoing exploration at the
Kahuna project,” said Chris Taylor, Dunnedin’s CEO. “We are currently working with management and
counsel to determine the mechanics and timing of the previously announced spinout of our gold and copper
assets, and will update shareholders as information becomes available. Review of our recently purchased
Kahuna project data set is also underway and results will be released as analyses are completed.”
About the Kahuna Project
Dunnedin Ventures’ primary asset is the 1,200 square kilometre Kahuna project, an advanced stage high
grade diamond and gold property located near Rankin Inlet, Nunavut, where Dunnedin is earning a 100%
interest. The Company anticipates beginning a drilling and bulk sampling program in 2017 that will test
potential extensions to its existing Inferred Resources of over 4 million carats of diamonds (see Dunnedin
news release of January 26, 2015) , assemble a valuation parcel of approximately 1 ,000 carats of
commercial-sized diamonds, and test a number of newly defined high priority kimberlite targets that may
host additional diamond sources.
The Kahuna project is located adjacent to Agnico Eagle Mines Ltd.’s (TSE: AEM) Meliadine gold project
and the Peter Lake gold project of NxGold Ltd. (TSX -V: NXN). Gold results at Kahuna include visible
gold in drill core, go ld mineralization in the strike extension of the Meliadine host stratigraphy, and new
gold-in-till targets proximal to diamond -bearing kimberlites. Agnico’s Meliadine project has
approximately 14.5 million tonnes of Proven and Probable Reserves grading 7. 32 g/t gold, containing 3.4
million ounces of gold as of December 31, 2015. There is an additional Indicated Resource of 20.7 million
tonnes grading 4.95 g/t gold containing 3.3 million ounces of gold, and an additional Inferred Resource of
14.7 million tonnes grading 7.51 g/t gold containing 3.5 million ounces of gold (source:
www.agnicoeagle.com).
Mr. R. Bob Singh, P.Geo. , Exploration Manager, is the qualified person responsible for the technical
content of this news release.
For further information please contact Mr. Knox Henderson, Investor Relations, at 604-551-2360.
On behalf of the Board of Directors
Dunnedin Ventures Inc.
Chris Taylor
Chief Executive Officer
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.
Statements included in this announcement, including statements concerning our plans, intentions and
expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-
looking statements". Forward -looking statements may be identified by words including "anticipates",
"believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that
forward-looking statements, including without limitation those relating to the Company's future operations
and business prospects, are subject to certain risks and uncertainties that could cause actual results to
differ materially from those indicated in the forward-looking statements.