Duncan Park Completes Private Placement; Drilling on Dome Property Scheduled to Commence This Week
03 Août 2011 - 10:56PM
Marketwired Canada
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Duncan Park Holdings Corporation (TSX VENTURE:DPH) announced today that it has
completed its private placement of $600,000 of common shares.
The Company issued 6,000,000 common shares pursuant to its previously announced
private placement (see July 22, 2011 press release) at a price of $0.10 per
share. Proceeds from the private placement will be used for general working
capital purposes.
Duncan Park paid a finder's fee of $5,500 to Jones, Gable & Company Limited.
Insiders of the Company subscribed for approximately 9.9% of the private
placement. The securities issued pursuant to the private placement are subject
to a hold period expiring December 4, 2011.
Duncan Park also announces that its drilling contractor is on the Dome Property
and the nine-hole, 2,700 metre Red Lake drilling program (announced July 22,
2011) is commencing this week.
Duncan Park Holdings Corporation (TSXV:DPH)
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