Ditem Closes $312,000 Flow-Through Private Placement
December 20 2010 - 4:13PM
Marketwired
Ditem Explorations (TSX VENTURE: DIT) is pleased to announce that
it has closed a non-brokered flow-through private placement for an
amount of $312,000 through the sale of 2,400,000 flow-through
common shares at $0.13 each to CGE Resources 2010 L.P.. There are
no warrants attached to the financing.
All securities issued pursuant to the offering shall be subject
to a hold period of four months from the date of closing. A finder
fee equal to 8% of the gross proceeds was paid in cash to
Industrial Alliance Securities by Ditem Explorations.
The gross proceeds from the private placement will be used by
Ditem Explorations for admissible flow-through exploration expenses
on the company's properties in Quebec.
Ditem Explorations is a uranium exploration and development
company with properties in the Athabasca Basin in Saskatchewan
(Beartooth Island and Cree Lake properties) and the Otish Basin
(Otish Uranium property) in Quebec. Properties and general
information may be viewed on the Company's website at
www.ditem.com.
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.
Contacts: Ditem Explorations Inc. David Vincent Director,
Investor Relations 514-875-9034 david.vincent@ditem.com
www.ditem.com