NEW YORK, April 27, 2015 /PRNewswire/ -- Duncan Park Holdings Corporation (OTCBB: DCNPF) is a Canadian based mineral exploration company operating out of Toronto. Through their strategic plan they explore for minerals through politically stable regions of the world. Currently they have plans to resume their exploration of their Dome, Byshe, and Hyeson Township mines, located four kilometers south of Goldcorp Inc. Red Lake Mine Complex.
The Company was unable to raise funds for exploration in the 2014FY, however was able to raise $55,000 through the issue of shares at the year-end. It is estimated that this value will be enough to complete the geophysical portion of exploration of their Red Lake mining operations; with the funds raised through their private-placement, which was purely subscribed for by Ian McAvity, President & CEO of the Company. In late February McAvity along with another director of the firm issued a loan to the Company in the amount of $30,000 to be used for working capital purposes.
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