Declan Resources Inc. Amends Non-Brokered Financing
02 Juni 2014 - 2:00PM
Marketwired
Declan Resources Inc. Amends Non-Brokered Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 2, 2014) -
Declan Resources Inc. ("Declan" or the "Company") (TSX-VENTURE:LAN)
intends to amend the non-brokered private placement previously
announced April 30, 2014. The revised terms for the non-brokered
private placement offering will consist of up to 28,570,000 units
at a revised price of $0.07 per unit for gross proceeds of up to
$2,000,000. Each unit will consist of one common share of Declan
and one common share purchase warrant, with each warrant entitling
the holder thereof to purchase one additional common share at a
revised exercise price of $0.11 cents per common share for a period
of 24 months from closing of the offering.
The net proceeds of the offering are expected to be used for
exploration and general corporate purposes.
The units and underlying securities will be subject to a
four-month hold period from the date of issuance in accordance with
applicable securities laws. The offering is subject to certain
conditions, including the approval of the TSX Venture Exchange.
About Declan Resources Inc.
Declan is a Canadian-based uranium mining and exploration
company. The Company is focused on exploration and discovery of
Athabasca Basin uranium deposits and richest, largest, high grade
uranium deposits in the world.
Neither the
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Declan Resources Inc.David Miller(604) 639-4455
Declan Resources Inc. (TSXV:LAN)
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