Ms. Marie-Jose Girard reports
DIOS HAS COMPLETED $250,000 OF PRIVATE PLACEMENTS
Dios Exploration Inc. has completed $250,000.03 of private placements to date following the previously announced $600,000 non-brokered private placement. Pursuant to the last closing, Dios issued 1,428,572 units of Dios at a price of 3.5 cents per unit for $50,000.02, each unit consisting of one flow-through common share of Dios and one half-warrant, one whole warrant entitling its holder to subscribe for one common share of Dios at five cents per share for two years from the date of issuance.
The proceeds will be used by Dios to carry out mining exploration work in the province of Quebec, such as diamond drilling for gold and other metals (copper and zinc) on its road-accessible properties in Quebec.
Common shares and all warrants issued pursuant to this last tranche are subject to a restricted hold period of four months and one day, ending on March 4, 2027, under applicable Canadian securities laws. The placement remains subject to final approval of the TSX Venture Exchange. A 7-per-cent cash finder's fee was paid by Dios to an arm's-length party as well as 100,000 finder warrants, each of them entitling its holder to subscribe for one common share of Dios at five cents per share for two years.
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