Dinero Ventures Announces Private Placement Financing

Executive Summary

• Dinero Ventures Ltd. announced a non‑brokered private placement of 1,250,000 flow‑through units and 500,000 non‑flow‑through units at $0.10 per unit, raising total gross proceeds of $175,000.
• Each unit includes one common share and one warrant to purchase an additional share at $0.10 for three years.
• Proceeds from flow‑through units will be used for eligible Canadian Exploration Expenses (CEE) qualifying as flow‑through mining expenditures; proceeds from non‑flow‑through units will fund general working capital and corporate purposes.

Key Details

• Units Offered:
• 1,250,000 Flow‑Through (FT) Units @ $0.10 each → $125,000 gross proceeds.
• 500,000 Non‑Flow‑Through (NFT) Units @ $0.10 each → $50,000 gross proceeds.
• Unit Composition:
• FT Unit = 1 common share (flow‑through share) + 1 common share purchase warrant.
• NFT Unit = 1 common share + 1 common share purchase warrant.
• Warrant Terms: Right to purchase one additional common share at $0.10 per share, exercisable for three (3) years from issuance date.
• Use of Proceeds:
• FT Units → eligible Canadian Exploration Expenses (CEE) that qualify as flow‑through mining expenditures under the Income Tax Act (Canada).
• NFT Units → general working capital and corporate purposes.
• Statutory Hold Period: All securities subject to a hold period of four months and one day from issuance date.
• Regulatory Conditions: Private placement remains subject to required approvals, including TSX Venture Exchange approval.

Notable Quotes

“We are pleased to secure additional capital to advance our exploration program while providing tax‑efficient financing for our shareholders.” – Ed Kruchkowski, President, Dinero Ventures Ltd.