Dios Closes First Tranche of Previously Announced Private Placement for $200,000
Dios secures a $200,000 tranche to fund its upcoming drilling campaign at its Quebec gold project.
Dios Exploration Inc. (DOS) has closed the first tranche of a previously announced non-brokered private placement, raising $200,000.01. The company issued 5,714,286 units at $0.035 per unit. Each unit comprises one flow-through common share and 1.5 warrants, consisting of one whole warrant and one half-warrant. The warrants carry a $0.05 exercise price and have a two-year term.
Proceeds from the offering are designated for diamond drilling on the Au33 property in James Bay, Quebec. The securities carry a four-month and one-day hold period ending February 28, 2027. A 7% cash finder's fee was paid, along with 400,000 finder's warrants. The placement remains subject to final TSX Venture Exchange approval.
Dios Exploration Inc. (DOS) has announced a $200,000 financing tranche, serving as a routine follow-up to the private placement originally announced in March 2026, which was subsequently increased to a $650,000 target. This capital injection provides immediate liquidity to execute the planned 2,024-meter diamond drilling program at the Heberto Gold zone.
The issuance of flow-through shares and warrants adds to the company's overhang, though the dilutive impact is considered manageable relative to Dios Exploration Inc.'s small market capitalization. The use of proceeds aligns directly with the company's stated exploration strategy and historical drilling campaigns, marking no material deviation from previous guidance or expectations as the company proceeds with planned exploration steps.
Dios Exploration Inc. (DOS) is a junior mining company focused on the exploration of gold and base metals in Quebec, Canada. Its flagship project is the Au33 Property, specifically the Heberto Gold zone, located in James Bay, Quebec. The property is situated approximately 50 km south of the Eleonore world-class gold mine and 20 km west of the Clearwater gold deposit.
The project is currently in the exploration stage. The company has completed multiple drilling campaigns between 2025 and 2026, totaling over 3,700 meters. The Heberto system is hosted within the Mitsumis tonalite batholith, characterized by potassic-altered shear zones, pyrite, and magnetite. Recent drilling extended the mineralized footprint from 600 meters to 900 meters along strike. The site features year-round road access and is located near the Eastmain-1 hydropower Bernard-Landry facilities.