DNA Precious Metals Inc. Closes $500,000 Financing
MONTREAL, December 30, 2013 /PRNewswire/ --
DNA Precious Metals Inc. ("DNA" or "the Company") (OTCQB: DNAP) is pleased to announce that it has closed a private placement consisting of 1,000,000 units (the "Units") at a price of $0.50 per Unit, for aggregate gross proceeds of $500,000.
Each Unit consists of one common share and one half-share purchase warrant. The warrant exercise price is $0.75 and may be exercised for a period of 24 months from the date of closing of the offering. A Canadian Fund purchased the entire Offering.
"This past year has been challenging for mining company producers and developers," stated Ronald Mann, President and Chief Executive Officer. "Although precious metals prices are considerably lower for the year that in the previous year, DNA is looking forward to 2014 for improvement in prices and sentiment in precious metals. Notwithstanding the difficult market environment, DNA is strategically positioned to advance the Montauban Mine Property closer to production."
About DNA Precious Metals, Inc.
DNA Precious Metals, Inc. is focused on near term production of the Montauban tailings mine in the Province of Quebec, Canada with an aggressive search for economic production assets. The company trades on the OTCQB market in the United States under the stock symbol DNAP. For more information, please go to http://www.DNAPreciousMetals.com.
On behalf of the Board
Ronald K. Mann, CEO
Forward Looking Disclaimer
This press release regarding DNA Precious Metals, Inc. (the "Corporation") contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the Corporation's business plan and the information presented above. The information contained in this press release should not be construed as an indication in any way whatsoever of the future value of the Corporation's common stock, the Corporation's future financial value or its financial condition. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Corporation cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
SOURCE DNA Precious Metals Inc.