Duncan Park Announces Proposed Flow-Through Financing

Duncan Park Holdings Corporation (TSX VENTURE:DPH)(OTCQX:DCNPF) announced today
that it intends to undertake a non-brokered private placement of up to $500,000
of flow-through common shares at a price of $0.08 per share.


Proceeds from the proposed best efforts private placement will be used to
finance exploration on the Company's Red Lake properties. The first two holes of
the winter drilling program on the Dome property have been completed and the
drilling rig has moved to the third hole, which is on the McManus property. The
cost of the first two holes will result in the Company having completed the
spending requirements of the Dome option agreement. The completion of the third
hole and, weather permitting, fourth hole is expected to complete the
exploration spending requirements of the McManus option agreement.


Completion of the financing remains subject to, among other things, receipt of
all requisite regulatory and other approvals.


The Company may pay a 5% cash fee and issue 5% finders warrants to eligible
finders with respect to certain subscriptions. The finders warrants would be
exercisable for non-flow-through common shares for a 12-month period.


Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, information with respect to Duncan Park's
proposed private placement and exploration plans. Generally, forward-looking
information can be identified by the use of forward-looking terminology such as
"plans", "expects", or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or
"believes" or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might", or "will be taken",
"occur", or "be achieved". Forward-looking information is based on the opinions
and estimates of management at the date the information is made, and is based on
a number of assumptions and is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of Duncan Park to be materially different from those
expressed or implied by such forward-looking information, including risks
related to private placement financings and exploration plans, such as market
conditions and obtaining necessary financing and requisite approvals, risks
related to option and joint venture arrangements, as well as risks associated
with the exploration, development and mining industry such as economic factors,
future commodity prices, changes in foreign exchange and interest rates,
government regulation, environmental risks, permitting timelines, capital
expenditures, operating or technical difficulties in connection with exploration
and development activities, availability of skilled labour and equipment, the
speculative nature of gold exploration and development, contests over title to
properties, and changes in project parameters as plans continue to be refined as
well as those risk factors discussed in Duncan Park's management's discussion
and analysis for the year ended November 30, 2011, available on www.sedar.com.
Although Duncan Park has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking information. Duncan
Park does not undertake to update any forward-looking information contained
herein, except in accordance with applicable securities laws.

Duncan Park Holdings Corporation (TSXV:DPH)
過去株価チャート
から 5 2024 まで 6 2024