DIOS Exploration Raises $ 643,695
July 06 2020 - 8:13AM
Management of
Dios Exploration Inc.
(Dios
) is very pleased to report raising
$643,695 in hard cash following exercise of expiring warrants and
options, that is $ 555,695 from warrants and $ 88,000 from options.
Dios thanks its shareholders for their support and
acknowledges four (4) main Quebec Venture Capital Funds for long
term support and this warrant exercise for $ 555, 695.
Management of Dios holds directly 10.91 % of shares
outstanding, 12.7 % fully diluted, apart from family and friends.
There are no warrants outstanding and 2,040,815 options expire over
the next five years. Capital structure is very tight and no
restructures ever took place.
Dios completes a ground geophysical survey (IP) to
better define drill targets on wholly-owned K2
property and further news shall be released when data is received
and processed. K2 is adjacent in strike
southwest of Azimut Exploration inc.'s Elmer property, James Bay
region, Quebec. Work completed by Dios on K2 has
delineated to date 3 km long WI Target conductor
and ATTILA gold-copper-silver
prospect, which bears similarities with Azimut Exploration’s Patwon
gold discovery. K2 property is underlain by
same prospective stratigraphy as Azimut’s Elmer property, just
north of large northeast-southwest Opinaca Fault regional
structure.
About Dios Exploration Inc.
Dios targets the excellent mineral potential of
Quebec, particularly James Bay Eeyou Istchee to make the discovery
of world-class deposits of gold and base metals.
This press release was prepared by Marie-José
Girard, Geo M.Sc., President of Dios, Qualified Person pursuant to
National Instrument 43-101. IP means induced
polarization.
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.
Contact information :Marie-José
Girard, President, Geo
M.Sc.mjgirard@diosexplo.comTel.: (514)
923-9123
Website: www.diosexplo.com
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