Dunnedin Ventures to Raise $4 Million Through Private Placement
DUNNEDIN VENTURES INC.
Suite 1110, 1111 West Georgia Street
Vancouver, BC V6E 4M3
For Immediate Release TSX-V: DVI
DUNNEDIN VENTURES TO RAISE $4 MILLION THROUGH PRIVATE PLACEMENT
June 20 , 2017 – Vancouver, BC, Canada. – Dunnedin Ventures Inc . (the " Company") (TSX -V: DVI)
announces that it will conduct a non-brokered private placement of flow-through (each, a "FT Unit") and
non-flow through (each, a "NFT Unit") units for gross proceeds of up to $4,000,000.
In order to accommodate the private placement, the date of record for a plan of arrangement to spin out
rights to gold mineralization at the Company’s Kahuna project, Nunavut, will be amended from June 30,
2017 to July 17, 2017. Shareholders of record on July 17, 2017 will be entitled to receive a distribution of
shares in a new gold entity. Additional details regarding the arrangement will be provided as they become
available.
Each "FT Unit" will be offered at a price of $0.32 and will consist of one common share and one-half-of-
one share purchase warrant entitling the holder to acquire an additional common share at a price of $0. 40
for a period of twenty-four months. Each "NFT Unit" will be offered at a price of $0.25 and will consist of
one common share and one-half-of-one share purchase warrant entitling the holder to acquire an additional
common share at a price of $0.35 for a period of twenty-four months.
The share purchase warrants issued in connection with the F T Units and the NFT Units will be subject to
accelerated expiry in the event the closing price of the common shares of the Company on the TSX Venture
Exchange is $0.55 or greater for twenty consecutive trading days.
The Company will determine the allocation of FT Units and NFT Units based on investor interest. In the
event only FT Units are issued, the private placement would result in the issuance of 12,500,000 FT Units.
In the event only NFT Units are issued, the p rivate placement would result in the issuance of 16,000,000
NFT Units.
The Company intends to use the proceeds of the private placement to advance its summer exploration
program on the Kahuna project, and complete i ts previously announced spinout of rights associated with
gold minerali zation on that project. It is anticipated that a significant portion of the proceeds of the
placement will be used to advance gold exploration work on the project and will form part of the assets of
the spinout vehicle on completion of the spinout transaction.
The Company has engaged Pollitt & Co. Inc. (" Pollitt") as the Company’s financial advisor and to act as
lead agent in connection with the private placement. Pollitt will receive a finders’ fee from the Company
in consideration for providing these services. The Company may pay finders’ fees to other eligible parties
who have introduced subscribers to the private placement.
For further information regarding the placement please contact Knox Henderson, Investor Relations, at
604-551-2360, or James Doyle, Pollitt & Co. Inc., at 416-365-3313, [email protected].
Completion of the private placement remains subject to the approval of the TSX Venture Exchange. All
securities issued in connection with the private placement will be subject to a four -month-and-one-day
statutory hold period.
About Dunnedin Ventures
Dunnedin’s primary asset is the Kahuna project, where it has an option to earn a 100 percent interest.
Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Dunnedin is
now recovering diamonds and indicator minerals from a series of kimberlite and till samples collected in
from two seasons of field work. An Inferred Resource released by Dunnedin showed over 4 million carats
of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike
length of the Kahuna and Notch kimberlite dikes through shallow drilling. The largest diamond recovered
was a 5.43 carat stone from the Kahuna dike whic h was a piece of a larger diamond that had been broken
during the sample preparation process and was reconstructed as having an original size of 13.42 carats.
Recent results include a 0.82 tonne sample of the PST kimberlite dike which returned 96 macrodia monds
totalling 5.34 carats (+0.85 mm) and a 2.36 tonne sample of the Notch kimberlite which returned 89
macrodiamonds totalling 2.38 carats (+0.85 mm).
The Kahuna project is located adjacent to the development -stage Meliadine gold project of Agnico Eagle
Mines Ltd. Meliadine 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 4.9 5 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).
R. Bob Singh, P. Geo., exploration manager, is the qualified person responsible for the technical content of
this news release.
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 Compa ny 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.