Durango Announces Closing of Final Tranche of Private Placement
DURANGO RESOURCES INC.
Suite 248 – 515 W. Pender Street
Vancouver, BC V6B 6H5
TSX-V Trading Symbol: DGO
Frankfurt: 86A1 / OTC Grey: ATOXF
DURANGO ANNOUNCES CLOSING OF FINAL TRANCHE OF PRIVATE PLACEMENT
Vancouver, BC / TheNewswire / June 22, 201 7 – Durango Resources Inc. (TSX.V-DGO)
(Frankfurt-86A1) (OTC-ATOXF), (the “Company” or “Durango”) announces that it has closed the
final tranche of its non-brokered private placement as previously announced in the press release
dated June 6, 2017.
The final tranche composed of 1,115,000 units (“Units”) at a price of $0.06 per U nit for gross
proceeds of $66,9 00. Each Unit is comprised of one co mmon share and one share purc hase
warrant exercisable for one common share at a price of $0.10 per share for a period of two years
after closing. The combined gross proceeds of the private placement totaled $300,309 and the
issuance of 5,005,151 Units.
Certain directors and officers of Durango participated in the financing and acquired a combined
aggregate of 1,035,000 Units for cumulative gross proceeds of $62,100.
The proceeds raised through the financing are expected to be used to advance the limestone
project in northern BC and for general working capital.
The four month hold period for all securities issued under the final tranche will expire on October
21, 2017, in accordance with Canadian Securities Laws.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral
properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone
properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi
Region of Qué bec, and the NMX East lithium property near the Whabouchi mine and the
Buckshot graphite property nea r the Miller Mine in Québec, the Whitney Northwest property
near the Lake Shore Gold and Goldcorp joint venture in Ontario.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
Facsimile: 888.266.3983
Email: [email protected]
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward -looking information based on current
expectations, including, but not limited to the completion of the Financing and the impact on the
Company of these events. Forward -looking inf ormation is subject to significant risks and
uncertainties, as actual results may differ materially from forecasted results. Forward -looking
information is provided as of the date hereof and we assume no responsibility to update or revise
them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating
to Durango, please refer to the Company's prospectus filed on its SEDAR profile at
www.sedar.com.
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.