Dios arranges $500,000 private placement

Executive Summary

• Dios Exploration Inc. has initiated a non-brokered private placement of up to $500,000 to fund drilling at its Heberto-Gold property in Quebec.
• The financing involves the issuance of up to 12.5 million flow-through common shares at $0.04 per share, with each share accompanied by a half-warrant.
• The Heberto-Gold system is located in a highly anomalous gold-in-outcrop area, situated between the Eleonore and Clearwater gold deposits.

Key Details

• Financing Structure: Non-brokered private placement of a maximum of $500,000.
• Share Price: $0.04 per share.
• Shares Issued: Up to 12.5 million flow-through common shares.
• Warrant Terms: Each common share is accompanied by a half-warrant (one whole warrant entitling the holder to subscribe for one common share at $0.06 per share for a period of two years).
• Use of Proceeds: Drilling of the wholly owned, road-accessible Au33 property hosting the Heberto-Gold deposit in James Bay, Quebec.
• Property Location: Heberto-Gold system is located within a 5x8 km highly anomalous gold-in-outcrop area, 50 km south of the Eleonore world-class gold mine and 20 km west of the Clearwater gold deposit.
• Geological Context: Gold zones are traceable in strike and at depth; gold is associated with fine-grained pyrite and magnetite in thick potassic altered shear zones. The company targets a large oxidized intrusion-related gold deposit.
• Historical/Drilling Data:
  • A channel graded 5.18 g/t Au over 5 metres in 2012.
  • Hole 19: 3.65 g/t Au over 13 metres.
  • Hole 6: 2.23 g/t Au over 7.75 metres.
  • Hole 1: 2.13 g/t Au over 22.9 metres.
  • Hole 9: 2.0 g/t Au over 22 metres.
  • Hole 10: 1.8 g/t Au over 18.45 metres.

Notable Quotes

• None provided in the text.