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Dentonia Announces $260,000 Private Placement
11/26/2009 [ACCESSWIRE]
Dentonia Resources Ltd. ("the Company") has arranged a non-brokered Private Placement of 5,200,000 units at $0.05 per unit consisting of 1,600,000 Flow Through units and 3,600,000 non-Flow Through units, subject to regulatory approval.
Each Unit will include one share and one two-year common share purchase warrant entitling the purchaser to purchase an additional common share of the Company for $0.05 per share in the first year and $0.10 per share in the second year.
All funds realized will be used for general corporate purposes and exploration of the Company's tungsten project at Knight Inlet, BC.
Knight Inlet is located approximately 80kms north of Campbell River, mainland BC. Access is by boat, seaplane or helicopter to Fraser Bay at the head of Loughborough Inlet. The tungsten discovery area can be reached either by helicopter or by an 11km-logging road inland from Fraser Bay.
For further details on location and results obtained from the Knight Inlet area tungsten project, please refer to the Company's news releases dated June 15 & 22; July 14; August 6, 25 & 31; September 21; October 14 & 26, 2009.
Dentonia Resources Ltd. is a Canadian mineral exploration and development company with a portfolio of diverse exploration projects consisting of diamond and tungsten prospects, located respectively, in the Northwest Territories and British Columbia, Canada.
For further information, please contact Adolf Petancic, President at 604-682-1141 or reference the Company's website at www.dentonia.net.
Neither the 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 news release.
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