$DMNKF LOI $1 Million in Cash & Securities
Post# of 119
Quote:
Toronto, Ontario--(Newsfile Corp. - December 23, 2016) - DNI Metals Inc. (DNI: CSE) ("DNI" or the "Company" completes a Letter Of Intent "LOI", with BullRun Capital, whereas BullRun plans to purchase DNI's, Alberta Mining project known as the SBH or Buckton project.
BullRun Capital plans to complete an IPO or RTO into a public company "Pubco" with DNI's SBH project and other projects.
Terms of the Deal:
1. $150,000 cash paid to DNI, upon signing of Definitive Agreement "DA"
2. $250,000 cash paid to DNI, between 90 and 120 days after signing the "DA".
3. Bullrun will complete the Sale to PubCo on or before March 31, 2017. In consideration for the Acquisition, at closing, PubCo shall issue to DNI $600,000.00 of units of PubCo consisting of shares and warrants.
Read the entire PR at:
http://www.newsfilecorp.com/release/24275/DNI...Securities
BullRun Capital website:
http://www.bullruncapital.ca/