Business & Finance
Business and Finance
Business and Finance
Fri, December 30, 2011
Thu, December 29, 2011 
December 29, 2011 16:16 ET
Duncan Park Completes Flow-Through Financing
TORONTO, ONTARIO--(Marketwire - Dec. 29, 2011) - Duncan Park Holdings Corporation (TSX VENTURE:DPH) announced today that it has completed its previously announced private placement of $100,000 of "flow-through" common shares at a price of $0.10 per share.
Proceeds from the non-brokered private placement of 1,000,000 shares will be used to finance exploration on the Company's Red Lake properties.
Ian McAvity, President & CEO of the Company, subscribed for 100% of the private placement. The financing was approved by the non-interested directors of the Company. A material change report in respect of the private placement will be filed on SEDAR in accordance with applicable securities law. The report could not be filed at least 21 days prior to closing as material information concerning the private placement was not then known by the Company.
The securities issued pursuant to the private placement are subject to a hold period expiring April 30, 2012.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.
