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| | April 20, 2005
News Releases
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| | Dundarave Resources Inc. (TSX-V: DDX), ("the Company") announces it has arranged a nonbrokered private placement of up to 1.6 million units in the capital of the Company at a price of $0.18 per unit for gross proceeds of $288,000. Each unit will consist of one share and one nontransferable share purchase warrant entitling the holder to purchase an additional share at $0.18 in year one and $0.20 in year two.
The proceeds from this financing will be used for property investigation and general working capital.
The securities issued through this offering will be subject to acceptance by the TSX Venture exchange and a four month hold period from closing.
The Company further announces that it has dropped the Tecka property in Argentina and the Niko property in Mexico.
ON BEHALF OF THE BOARD
Paul Matysek, M.Sc., P. Geo.
President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. |
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| | You can view the Next News Releases item: Thu Jun 2, 2005, Dundarave Closes $288,000 Private Placement Financing
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