Declan Resources Inc. Amends Non-Brokered Financing
June 2, 2014 (Source: Marketwired) — 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.
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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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>