Dinero Ventures Announces Closing of Private Placement Financing

Executive Summary

• Dinero Ventures Ltd. closed its previously announced non‑brokered private placement, issuing a total of 1,750,000 units for gross proceeds of $175,000.
• The financing consisted of 1,250,000 flow‑through (FT) units and 500,000 non‑flow‑through (NFT) units, each priced at $0.10 per unit and accompanied by a one‑share purchase warrant exercisable at $0.10 for three years.
• Proceeds from the FT units will be allocated to eligible Canadian Exploration Expenses (CEE), while NFT proceeds are earmarked for general working capital and corporate purposes.

Key Details

• Units Issued: 1,250,000 FT Units + 500,000 NFT Units = 1,750,000 total units.
• Pricing: $0.10 per unit for both FT and NFT units.
• Gross Proceeds: $125,000 from FT Units; $50,000 from NFT Units; total $175,000.
• Unit Composition:
• FT Unit = 1 common share (flow‑through) + 1 warrant.
• NFT Unit = 1 common share + 1 warrant.
• Warrant Terms: Each warrant allows purchase of one additional common share at $0.10 per share, exercisable for three years from issuance.
• Use of Proceeds:
• FT proceeds → eligible Canadian Exploration Expenses (CEE) qualifying as flow‑through mining expenditures under the Income Tax Act.
• NFT proceeds → general working capital and corporate purposes.
• Statutory Hold Period: All securities subject to a four‑month‑plus‑one‑day hold period from issuance date.
• Regulatory Condition: Private placement remains subject to final approval by the TSX Venture Exchange.

Notable Quotes

• “We are pleased to have successfully closed this financing, which provides us with the capital needed to advance our exploration program and support ongoing corporate activities.” – Ed Kruchkowski, President, Dinero Ventures Ltd.