Northwire Canada EditionThursday, October 15, 2026
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Financings

Dios arranges $500,000 private placement

By The Northwire Desk — AI Analysis Mar 20, 2026 · 17:30 DOS · 0.035 Dios Exploration Inc.
DOS · Price

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.
Read the original news release →

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