Durango Closes Non-Brokered Private Placement
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
DURANGO CLOSES NON-BROKERED PRIVATE PLACEMENT
Vancouver, BC / TheNewswire / March 13, 2020 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt -86A1)
(OTCQB -ATOXF), (the “Company” or “Durango”) announces that it has closed a non-brokered private placement
(the “Financing”) of four million units at a price of $0.05 per unit (“Unit”) for gross proceeds of $200,000.00.
Each Unit is comp rised of one share and one warrant exercisab le at $0.08 for a period of two years exp iring
March 11, 20 22. The final closing of the Financing is subject to certain conditions, including, but not limited to,
the final approval of the TSX Venture Exch ange. All securities issued pursuant to the Financing are subject to a
mandatory four month hold period expiring on July 13, 2020.
Insiders of the Company participated in the Financing for an aggregate amount of $61,200, being 1,224,000 units.
The ne t proceeds from the Financing will be used to prepare for explorations programs, working capital and
general corporate purposes.
Marcy Kiesman, CEO of Durango stated, “In light of the recent market conditions , the board of directors elected
to undergo a financing to generate additional flexibility for t he Company in 2020. This financing will allow
Durango to plan its exploration programs and to raise funds for these p rograms when the markets recover from
current volatile conditions.”
About Durango
Durango is a natural resources company engaged i n the acquisition and exploration of mineral properties. The
Company i s p ositioned for di scovery with a 100% inte rest in a strategically located grou p of prope rties in the
Windfall Lake gold camp in the Abitibi region of Québec, Canada.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, CEO
Telephone: 604.428.2900 or 604.339.2243
Email: [email protected]
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This news release contains “forward -looking information or state ments” within the meaning of applicable
securities laws, which may include, without limitation, statements that address the upcoming work programs, and
other statements relating to the business, financial and technical prospects of the Company. All statements in this
news release, other than statements of historical facts, that address events or developments that the Company
expects to occur, are forward -looking statements. Although the Company believes the expectations expressed in
such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from those in the f orward-looking statements. Such
statements and information are based on numerous as sumptions regarding present and future business
strategies and the environment in which the Company wi ll operate in the future, including the price of minerals,
the ability to achieve its goals, that gen eral business and economic conditions will not change in a material
adverse manner, that financing will be available if and when needed and on reasonable t erms. Such forward -
looking information reflects the Company’s views wit h respect to future events and is subject to risks,
uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com.
Factors that could cause actual results to differ materially from those in forward looking statements include, but
are n ot limited to, continued availability of capital and financing and general econo mic, market or business
#248 - 515 West Pender Street
Vancouver, BC, V6B 6H5, Canada
tel: 604.428.2900
www.durangoresourcesinc.com
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
conditions. The Company does not undertake to update forward -looking statements or forward -looking
information, except as required by law.
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.