Donner Metals http://donnermetals.com Mon, 08 Sep 2014 20:26:04 +0000 en-US hourly 1 CLOSING ABOVE MARKET OF A $1.1 MILLION FINANCING AND ACQUISITION OF OPTION ON SAMSON PROPERTY FROM MIDLAND EXPLORATION NEAR BALMORAL’S NICKEL-COPPER-PGE DISCOVERY ON GRASSET http://donnermetals.com/closing-above-market-of-a-1-1-million-financing-and-acquisition-of-option-on-samson-property-from-midland-exploration-near-balmorals-nickel-copper-pge-discovery-on-grasset/ http://donnermetals.com/closing-above-market-of-a-1-1-million-financing-and-acquisition-of-option-on-samson-property-from-midland-exploration-near-balmorals-nickel-copper-pge-discovery-on-grasset/#comments Mon, 08 Sep 2014 12:49:59 +0000 http://donnermetals.com/?p=3012 Continue reading ]]> NOT FOR DISSEMINATION IN THE UNITED STATES
OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

September 8, 2014, Montreal: Donner Metals Ltd. (“Donner” or the “Corporation”) (TSXV-DON), announces that it closed on Septembre 5, 2014 a non-brokered private placement for aggregate gross proceeds of $1,090,650. The funds of the private placement have been raised through the issuance of 8,389,615 units of the Corporation at a price of $0.13 per unit. Each unit (a “Unit”) consists of one common share in the capital of the Corporation and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one common share at a price of $0.175 per common share until September 5, 2016. The securities of the Corporation to be issued pursuant to the private placement are subject to a four-month hold period expiring January 6, 2015.

The aggregate proceeds from the sale of the Units for the private placement will be used solely for the advancing the Samson nickel-copper-PGE property (under option from Midland Exploration Inc. “Midland”, see below), the Valmond gold property (under option from Midland), the Preissac nickel-copper-PGE property (100% owned by the Corporation) and other exploration properties that are in discussions with potential partners in Québec. The private placement was conditionally accepted by the TSX Venture Exchange (the “Exchange”).

In connection with the private placement, the Corporation has agreed to pay to certain finders a finder’s fee of up to 8% in cash, representing an aggregate amount of up to $2,080, and an 8% finder’s option representing an aggregate of 16,000 options. Each option is non-transferable and exercisable for one Unit at a price of $0.13 per Unit until September 5, 2015. Each underlying Warrant for each option will be non-transferable.

The Corporation further announces the participation of a significant subscriber in the private placement: Aurion II Equity Fund (“Aurion”). Aurion’s subscription for 3,850,000 Units result in Aurion holding 3,850,000 common shares, or approximately 15.8% of the currently outstanding common shares. Aurion was also issued 3,850,000 Warrants, the full exercise of which would result in Aurion holding approximately 27.2% based on the Corporation’s currently outstanding common shares. Aurion’s Warrant certificate provides for a “warrant stopper” clause which restricts Aurion from acquiring more than 19.99% of the then outstanding shares, subject to certain exceptions and compliance with applicable securities laws. Aurion does not have any present intention to acquire additional ownership of, or control over, additional securities of Donner. It is the intention of Aurion to evaluate its investment in Donner on a continuing basis and such holdings may be increased or decreased in the future. The address of Aurion for the purposes of National Instrument 62-103 – Early Warning System and Related Take-Over Bid and Reporting Issues is 120, Adelaide Street West, Suite 2205 Toronto (Ontario) M5H 1T1. A copy of Aurion’s Early Warning Report is available on SEDAR at www.sedar.com.

Samson Nickel-Copper-Platinum Group Elements (“Ni-Cu-PGE”) property

The Corporation is pleased to announce the execution of an option agreement with Midland for the Samson property, currently wholly owned by Midland and which consists of 512 claims covering a surface area of about 284 km2 about 50 km west of the town of Matagami, in Abitibi, Quebec. The property has a strong gold and Ni-Cu-PGE potential and is located about 5 km south of the recent Ni-Cu-PGE and gold discoveries made by Balmoral Resources Ltd. (“Balmoral”) on the Grasset project. Recently, Balmoral announced the discovery of a high-grade Ni-Cu-PGE zone, with values up to 1.79% Ni, 0.19% Cu, 0.42 g/t Pt, and
1.04 g/t Pd over 45.28 m, and 54.08 m grading 1.62% Ni, 0.18% Cu, 0.36 g/t Pt and 0.88 g/t Pd
(see Balmoral’s press releases dated May 20 and August 18, 2014).

Under the terms of this new agreement, Donner may earn 50% of Midland’s interest over a period of four (4) years, by fulfilling the following conditions:

  • Cash payments totalling $275,000, including a $40,000 payment upon signing the agreement;
  • Exploration expenditures totalling $3,500,000, including a firm commitment of $350,000 during the first year. Midland will be project operator during the option period.

This property covers, over a strike length of more than 20 km, a series of strongly magnetic sills located just south of the regional Lower Detour Fault, also known for its gold potential. In addition, lithogeochemistry data from historical drill holes indicate the presence of ultramafic sills, thus confirming the potential for magmatic Ni-Cu-PGE mineralization. Data from an airborne MegaTEM electromagnetic survey indicate the presence of several conductors coinciding with magnetic sills, which have never been drill-tested and thus represent potential high-priority targets. Ground time-domain electromagnetic surveys (“TDEM”) are planned in order to identify drilling targets.

Maps showing the location of the Samson property may be consulted by clicking here.

Payment of loan to Quebec Lenders

Recently, the Corporation received the refund of the 2012 mining duties from the Quebec Ministry of Energy and Natural Resources and it reimbursed $1,640,000 of the loan with the Quebec lenders. The outstanding balance of the loan is now $890,000.

Amendments to the stock option plan

In June 2014, the board of directors of the Corporation approved certain amendments to the stock option plan of the Corporation, which were conditionally approved by the Exchange subject to customary conditions. The following is a summary of the main changes to the stock option plan:

  • The maximum number of listed common shares reserved for issuance under the stock option plan upon exercise of stock options is equal to an aggregate of 1,543,000 common shares;
  • The exercise price of stock options may not be less than the price of the listed common shares on the Exchange on the close of the previous trading day, provided that certain conditions set forth in the stock option plan are met; and
  • The changes include certain housekeeping amendments to update the stock option plan to current standards.

About Donner Metals

Donner is an exploration company focused on the development of mineral exploration projects in Quebec and on executing a roll-up strategy that includes the acquisitions of operating mines. The Corporation is committed to a leading standard of practice with respect to health, safety, community relations and environmental management. This press release was prepared by Normand Champigny, eng., acting as Donner’s Qualified Person under NI 43-101.

 

ON BEHALF OF THE BOARD OF
DONNER METALS LTD.

“Normand Champigny”
President & Chief Executive Officer

This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All information other than historical fact is forward-looking information. Forward-looking information relates to future events or future performance and is based on Donner’s current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking information is often, but not always, identified by the use of words such as “expect”, “project”, “proposed”, “intend”, “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “forecast”, “may”, “will”, “predict”, “potential”, “targeting”, “could”, “might”, “should”, “believe” and similar expressions. Although management considers the assumptions and estimates, reflected in forward-looking information, to be reasonable, based on information currently available, there can be no assurance that such information will prove to be correct. As a consequence, actual results may differ materially from those anticipated.

Undue reliance should not be placed on forward-looking information which is inherently uncertain, and subject to known and unknown risks and uncertainties (both general and specific) and other factors that contribute to the possibility that the future events or circumstances contemplated by the forward looking information will not occur or that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking information. These risks include, but are not limited to risks associated with general economic conditions, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future metal prices, financial risks and substantial capital requirements. Further information regarding certain of these risks (as well as risks relating generally to the Corporation’s business) may be found under the headings “Risks and Uncertainties” and “Forward-Looking Statements” in the latest Corporation’s annual Management’s Discussion & Analysis on www.sedar.com. Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. The forward-looking statements contained in this news release are made as of the date hereof and Donner does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

This press release does not constitute an offer to sell, nor is it a solicitation of an offer to buy, securities. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons unless an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and all applicable state securities laws is available.

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DONNER ACQUIRES FROM VIRGINIA MINES 100% INTEREST IN THE PREISSAC NICKEL-COPPER-PGE PROPERTY http://donnermetals.com/donner-acquires-from-virginia-mines-100-interest-in-the-preissac-nickel-copper-pge-property/ http://donnermetals.com/donner-acquires-from-virginia-mines-100-interest-in-the-preissac-nickel-copper-pge-property/#comments Thu, 17 Jul 2014 18:51:59 +0000 http://donnermetals.com/?p=2998 Continue reading ]]> July 17, 2014, Montreal - Donner Metals Ltd. (“Donner” or the “Corporation”) (TSXV-DON), is pleased to announce the execution of an arm’s length property acquisition agreement with Virginia Mines Inc. (“Virginia”) for the acquisition of 100% of the Preissac nickel-copper-PGE property. This property comprises 55 claims with a surface area of about 26 km2 and is located about 25 km north-west of the town of Malartic, in the Abitibi region of Quebec. Under the terms of this agreement, Donner will acquire 100% of Virginia’s interest by issuing the equivalent of approximately $100,000 of common shares of Donner at a price of $0.17 per common share (for a total of 588,235 common shares), subject to the approval by the applicable regulatory authorities. There are no cash payments and exploration expenditure commitments forming part of this transaction. Virginia will receive a 2% Net Smelter Return royalty. No finder’s fee will be paid in connection with the transactions contemplated in the property acquisition agreement.

Approximately 1.5 km east of the property, the Marbridge underground nickel-copper mine produced 774,227 tonnes of ore grading 2.28% nickel and 0.1 % copper between 1962 and 1968, with four deposits being discovered by prospecting and surface drilling between 1957 and 1966.  Marbridge has been the only nickel mine in the Abitibi region to date and represents the first nickel sulphide deposit in Quebec to be associated with komatiitic volcanics. The deposits were previously operated under a joint venture between Falconbridge Nickel Mines and Marchant Mining, and are now 100% owned by Royal Nickel Corporation (“RNC”). An airborne electromagnetic survey was conducted by RNC over the Marbridge property in January 2014. Results from this survey are being modeled in order to define potential drill targets (see RNC’s Management’s discussion and analysis for the period ending March 31, 2014).

The property covers a strike length of over 14 km and is comprised of Archean volcanic rocks (the Malartic and Louvicourt groups) and sedimentary rocks of the Kewagama group. This area represents the extension of volcanic units found in the Val d’Or area, which is well known for its many volcanogenic massive sulphide deposits and gold deposits. The property area includes a sequence of ultramafic rocks located south of Mainville South regional fault and wedged between the plutons of La Motte to the north, Preissac to the south and La Corne pluton to the east. The geology of the area is essentially composed of komatiites and peridotites, mafic and felsic volcanic rocks. A sedimentary unit is also observed in places. These lithologies belong to the La Motte-Vassan Formation, at the base of the Malartic Group. Lithogeochemistry data from historical drill holes indicate the presence of ultramafic sills.  Data from historical airborne input electromagnetic surveys suggests the presence of several anomalies coinciding with magnetic sills, which have never been drill-tested and thus represent potential high-priority targets.

A few historical drill holes bordering the property yielded interesting nickel values such as 0.91% Ni over 2.4 m, 0.76% Ni over 6.3 m, and 0.61% Ni over 1.8 m (Source: Sigeom NTS sheet 32D08; GM15843,  13771 and 13186 respectively). The property is underexplored and has a strong exploration potential for nickel-copper-PGE deposits that could be mined by underground methods because of the presence of 1) a past nickel producer and mineralization intersected in historical drill holes near the property, 2) lithologies that typically hosts nickel-copper-PGE deposits, and 3) electromagnetic anomalies.

An exploration program is planned in 2014 on the property including surface geological mapping and airborne magnetic and electromagnetic surveys.

About Donner Metals

Donner is an exploration company focused on the development of mineral exploration projects in Quebec and on executing a roll-up strategy that includes the acquisitions of operating mines. The Corporation is committed to a leading standard of practice with respect to health, safety, community relations and environmental management. This press release was prepared by Normand Champigny, eng., acting as Donner’s Qualified Person under NI 43-101.

 

ON BEHALF OF THE BOARD OF
DONNER METALS LTD.

“Normand Champigny”
President & Chief Executive Officer

This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All information other than historical fact is forward-looking information. Forward-looking information relates to future events or future performance and is based on Donner’s current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking information is often, but not always, identified by the use of words such as “expect”, “project”, “proposed”, “intend”, “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “forecast”, “may”, “will”, “predict”, “potential”, “targeting”, “could”, “might”, “should”, “believe” and similar expressions. Although management considers the assumptions and estimates, reflected in forward-looking information, to be reasonable, based on information currently available, there can be no assurance that such information will prove to be correct. As a consequence, actual results may differ materially from those anticipated.

Undue reliance should not be placed on forward-looking information which is inherently uncertain, and subject to known and unknown risks and uncertainties (both general and specific) and other factors that contribute to the possibility that the future events or circumstances contemplated by the forward looking information will not occur or that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking information. These risks include, but are not limited to risks associated with general economic conditions, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future metal prices, financial risks and substantial capital requirements. Further information regarding certain of these risks (as well as risks relating generally to the Corporation’s business) may be found under the headings “Risks and Uncertainties” and “Forward-Looking Statements” in the latest Corporation’s Management’s Discussion & Analysis on www.sedar.com. Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. The forward-looking statements contained in this news release are made as of the date hereof and Donner does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

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VALMOND PROJECT UPDATE http://donnermetals.com/valmond-project-update/ http://donnermetals.com/valmond-project-update/#comments Thu, 22 May 2014 14:47:05 +0000 http://donnermetals.com/?p=2984 Continue reading ]]> May 22, 2014, Montreal: Donner Metals Ltd. (“Donner” or the “Company”) (TSXV-DON), provides an update on recent exploration activities on the Valmond gold property (the “Property”). The Property is located about
50 kilometres west of Matagami, Quebec. The Property comprises 111 claims covering a surface area of about 62 square kilometres. It covers a segment of more than 15 kilometres along the gold-bearing Bapst Fault.
An option agreement was concluded with Midland Exploration Inc. (“Midland”) in November 2013 for the Property. Donner may earn a 50% interest in the Property in consideration of exploration expenditures totalling $2,500,000, including a firm commitment of $300,000 during the first year of the agreement, and cash payments totalling $250,000 over a period of four years. Midland will be the project operator for the duration of this option agreement.

In December 2013, a geophysical program including a helicopter-borne VTEM survey totalling 900 line kilometres and an induced polarization (IP) survey totalling 48.1 kilometres was completed. As a result, several new drilling targets were identified and proposed for drill-testing. A drilling campaign totalling 1,450.2 metres was completed in March 2014. A total of five (5) holes were drilled and three (3) others were abandoned. Two holes were abandoned due to the thick overburden composed of esker sand and gravel, and another drill hole was cancelled due to the lack of water near the drill site. Best results were obtained in drill hole VAL-14-02, which targeted the down-plunge extension of the main showing at about 350 metres vertical depth. This hole was drilled to a total depth of 543.0 metres and intersected altered intermediate tuffs with quartz veinlets and arsenopyrite stringers between 454.50 and 517.65 metres, which yielded several anomalous gold values including 0.46 g/t Au over 0.60 metre (454.50 to 455.10 metres), 0.74 g/t Au over 0.64 metre (487.80 to 488.44 metres), 0.15 g/t Au over 1.00 metre (493.00 to 494.00 metres), 0.44 g/t Au over 0.85 metre (508.00 to 508.85 metres), and 0.10 g/t Au over 0.50 metre (517.15 to 517.65 metres). Two graphitic mineralized (locally up to 80% pyrite) mudstone thick horizons intersected higher up in the hole returned several gold anomalous sections including intervals that graded 0.30 g/t Au over 2.87 metres 0.40 g/t Au over 1.0 metre and 0.41 g/t Au over 0.29 metre. Several IP and VTEM anomalies well located laterally at a distance ranging from 2.0 to 2.5 kilometres that were not tested during this campaign remain priority targets and subsequent drill-testing is recommended.

About Donner Metals

Donner is an exploration company focused on the development of mineral exploration projects in Quebec and on executing a roll-up strategy.

ON BEHALF OF THE BOARD OF
DONNER METALS LTD.

“Normand Champigny”
President & Chief Executive Officer

This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All information other than historical fact is forward-looking information. Forward-looking information relates to future events or future performance and is based on Donner’s current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking information is often, but not always, identified by the use of words such as “expect”, “project”, “proposed”, “intend”, “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “forecast”, “may”, “will”, “predict”, “potential”, “targeting”, “could”, “might”, “should”, “believe” and similar expressions. Although management considers the assumptions and estimates, reflected in forward-looking information, to be reasonable, based on information currently available, there can be no assurance that such information will prove to be correct. As a consequence, actual results may differ materially from those anticipated. 

Undue reliance should not be placed on forward-looking information which is inherently uncertain, and subject to known and unknown risks and uncertainties (both general and specific) and other factors that contribute to the possibility that the future events or circumstances contemplated by the forward looking information will not occur or that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These risks include, but are not limited to risks associated with general economic conditions, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future metal prices, financial risks and substantial capital requirements. Further information regarding certain of these risks (as well as risks relating generally to the Company’s business) may be found under the headings “Risks and Uncertainties”, “Forward-Looking Information” and “Financial risk factors” in the latest Company’s Management’s Discussion & Analysis on www.sedar.com. Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. The forward-looking statements contained in this news release are made as of the date hereof and Donner does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

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DONNER APPOINTS INGRID MARTIN AS CFO http://donnermetals.com/donner-appoints-ingrid-martin-as-cfo/ http://donnermetals.com/donner-appoints-ingrid-martin-as-cfo/#comments Wed, 30 Apr 2014 13:34:47 +0000 http://donnermetals.com/?p=2978 Continue reading ]]> April 30, 2014, Montreal: Donner Metals Ltd. (“Donner” or the “Company”) (TSXV-DON), announces that it has appointed Ingrid Martin, CPA, CA, as Chief Financial Officer of the Company effective immediately.

Since 2004, she has been working with several mining and exploration organizations in Quebec and has considerable expertise in finance and business acquisitions.  From 2001 to 2004, as Molson Canada Regional Accounting Director, she worked on financial reporting, tax compliance and budget process. From 1993 to 2001, she worked at Unisource Canada, Inc., a national single-source distributor, holding several accounting and operational positions.

Mrs. Ingrid Martin holds a Bachelor in Business Management from HEC Montréal, Québec. She’s a member of the Ordre des comptables professionnels agréés du Québec since 1990 and started her career working four years as external auditor at Price Waterhouse.

About Donner Metals

Donner is an exploration company focused on the development of mineral exploration projects in Quebec and on exploring a roll-up strategy.

ON BEHALF OF THE BOARD OF
DONNER METALS LTD.

“Normand Champigny”
President & Chief Executive Officer

This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All information other than historical fact is forward-looking information. Forward-looking information relates to future events or future performance and is based on Donner’s current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking information is often, but not always, identified by the use of words such as “expect”, “project”, “proposed”, “intend”, “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “forecast”, “may”, “will”, “predict”, “potential”, “targeting”, “could”, “might”, “should”, “believe” and similar expressions. Although management considers the assumptions and estimates, reflected in forward-looking information, to be reasonable, based on information currently available, there can be no assurance that such information will prove to be correct. As a consequence, actual results may differ materially from those anticipated.

Undue reliance should not be placed on forward-looking information which is inherently uncertain, and subject to known and unknown risks and uncertainties (both general and specific) and other factors that contribute to the possibility that the future events or circumstances contemplated by the forward looking information will not occur or that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These risks include, but are not limited to risks associated with general economic conditions, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future metal prices, financial risks and substantial capital requirements. Further information regarding certain of these risks (as well as risks relating generally to the Company’s business) may be found under the headings “Risks and Uncertainties”, “Forward-Looking Information” and “Financial risk factors” in the latest Company’s Management’s Discussion & Analysis on www.sedar.com. Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. The forward-looking statements contained in this news release are made as of the date hereof and Donner does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

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CLOSING OF $200,200 NON-BROKERED FINANCING AND BEGINNING OF FIRST DRILLING PROGRAM WITH MIDLAND ON THE VALMOND GOLD PROPERTY http://donnermetals.com/closing-of-200200-non-brokered-financing-and-beginning-of-first-drilling-program-with-midland-on-the-valmond-gold-property/ http://donnermetals.com/closing-of-200200-non-brokered-financing-and-beginning-of-first-drilling-program-with-midland-on-the-valmond-gold-property/#comments Fri, 28 Mar 2014 22:01:17 +0000 http://donnermetals.com/?p=2919 Continue reading ]]> CLOSING OF $200,200 NON-BROKERED FINANCING AND BEGINNING OF FIRST DRILLING PROGRAM WITH MIDLAND ON THE VALMOND GOLD PROPERTY

NOT FOR DISSEMINATION IN THE UNITED STATES
OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

March 28, 2014, Montreal: Donner Metals Ltd. (“Donner” or the “Company”) (TSXV-DON), announces that it closed today a non-brokered private placement for aggregate gross proceeds of $200,200 to the Company. The funds of the private placement have been raised through the issuance of 1,540,000 units of the Company at a price of $0.13 per unit. Each unit consists of one common share in the capital of the Company and one common share purchase warrant (the “Units”). Each warrant entitles the holder to acquire one common share at a price of $0.175 per common share until March 28, 2016. The securities of the Company to be issued pursuant to the private placement are subject to a four-month hold period expiring July 29, 2014. In connection with the private placement, the Company has agreed to pay to certain finders a finder’s fee of up to 8% in cash, representing an aggregate amount of up to $13,416, and an 8% finder’s option representing an aggregate of 103,200 options. Each option is non-transferable and exercisable for one unit at a price of $0.13 per unit until March 28, 2015. Each underlying warrant for each such option will be non-transferable.

The aggregate proceeds from the sale of the Units for the private placement will be used solely for the advancement of the Valmond gold property (the “Property”) in Quebec including the execution of a drilling program. The private placement is being filed on an expedited basis and is subject to approval by the TSX Venture Exchange.

Valmond drilling

Donner, in partnership with Midland Exploration Inc. (“Midland”), is pleased to initiate their first diamond drilling program on the Property. The Property, currently wholly owned by Midland, consists of 111 claims covering a surface area of about 62 square kilometres and is located about 50 kilometres west of the town of Matagami, in Abitibi, Quebec.

The Property covers a segment of more than 15 kilometres along the Bapst fault, an important gold-bearing structure trending NW-SE that hosts several historical occurrences with drill intercepts grading 2.3 g/t Au over 4.57 metres and 5.22 g/t Au over 1.55 metre. This structure has seen very little exploration in the past and the main showing known to date has been traced over a strike length of more than 300 metres. This gold showing is characterized by an extensive hydrothermal alteration zone, more than 70 metres wide, and remains open beyond 200 metres vertical depth, where the deepest historical drill hole yielded a grade of 3.77 g/t Au over 1.50 metre.

In December 2013, a geophysical program was completed on the Property in partnership with Midland. This work, which included an induced polarization (IP) survey totalling 48.1 kilometres as well as a helicopter-borne electromagnetic VTEM survey totalling about 900 line kilometres, successfully identified several new high-priority targets located near the Bapst fault and along the strike extensions of historical gold showings located on the Property (see Donner’s press release dated January 16, 2014).

A drilling program totalling approximately 1,850 metres has been designed to test significant IP and VTEM targets identified in 2013. This program will also test the main showing with two drill holes at vertical depths of 275 and 350 metres, i.e. about 100 metres below historical drill hole S86-9 which graded 3.77 g/t Au over 1.50 metre (Source: MRN SIGEOM NTS sheet 32E09; GM46724). The new geophysical targets to be drill-tested are characterized either by higher chargeability values, lower resistivity values, or a combination of the two. They also generally represent isolated anomalies that have never been drill-tested and are located in a complex structural setting where E-W-trending structures commonly intersect.

Donner also announces that an independent NI 43-101 Technical Report (the “Report”), has been submitted to the company and filed on SEDAR on the Property. The Report, dated March 12, 2014, was prepared according to NI 43-101 guidelines and was authored by Camille St-Hilaire, P.Geo.

Donner may earn a 50% interest in the Property in consideration of exploration expenditures totalling $2,500,000, including a firm commitment of $300,000 during the first year of the agreement, and cash payments totalling $250,000 over a period of four years. Donner’s commitments for the first year of the agreement have been fulfilled. Midland will be the project operator for the duration of this option agreement.

Update on the finder’s fees payable in connection with the previous $1,035,476 oversubscribed non-brokered financing

The Company also wishes to provide a second update on its $1,035,476 oversubscribed non-brokered private placement that closed in two tranches on February 14 and 21, 2014. The news release announcing the closing of the second tranche on February 21, 2014 stated that the Company had agreed to pay to certain finders an 8% finder’s option representing an aggregate of 56,800 options, however, the press release should have stated that the Company has agreed to pay to certain finders finder’s an aggregate of options in the aggregate amount of 72,800. In addition, the news release issued on March 4, 2014, which rectified the aggregate amount of the 8% cash finder’s fee that the Company had agreed to pay to certain finders in relation to such private placement, stated that the aggregate amount of the cash finder’s fee was $45,834.36. However, the press release should have stated that the Company has agreed to pay to certain finders finder’s fees in the aggregate amount of $47,754.36.

This press release does not constitute an offer to sell, nor is it a solicitation of an offer to buy, securities. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons unless an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and all applicable state securities laws is available.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities in the United States or to, or for the account or benefit of, U.S. persons.

About Donner Metals

Donner is an exploration company focused on the development of mineral exploration projects in Quebec and to explore a roll-up strategy.

ON BEHALF OF THE BOARD OF

DONNER METALS LTD.

“Normand Champigny”

President & Chief Executive Officer

This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All information other than historical fact is forward-looking information. Forward-looking information relates to future events or future performance and is based on Donner’s current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking information is often, but not always, identified by the use of words such as “expect”, “project”, “proposed”, “intend”, “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “forecast”, “may”, “will”, “predict”, “potential”, “targeting”, “could”, “might”, “should”, “believe” and similar expressions. Although management considers the assumptions and estimates, reflected in forward-looking information, to be reasonable, based on information currently available, there can be no assurance that such information will prove to be correct. As a consequence, actual results may differ materially from those anticipated.

Undue reliance should not be placed on forward-looking information which is inherently uncertain, and subject to known and unknown risks and uncertainties (both general and specific) and other factors that contribute to the possibility that the future events or circumstances contemplated by the forward looking information will not occur or that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These risks include, but are not limited to risks associated with general economic conditions, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future metal prices, financial risks and substantial capital requirements. Further information regarding certain of these risks (as well as risks relating generally to the Company’s business) may be found under the headings “Risks and Uncertainties”, “Forward-Looking Information” and “Financial risk factors” in the latest Company’s Management’s Discussion & Analysis on www.sedar.com. Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. The forward-looking statements contained in this news release are made as of the date hereof and Donner does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

 

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DONNER ENGAGES COR CAPITAL INC. FOR INVESTOR RELATIONS AND UPDATES ON THE FINDER’S FEES PAYABLE IN CONNECTION WITH ITS $1,035,476 OVERSUBSCRIBED NON-BROKERED FINANCING http://donnermetals.com/donner-engages-cor-capital-inc-for-investor-relations-and-updates-on-the-finders-fees-payable-in-connection-with-its-1035476-oversubscribed-non-brokered-financing/ http://donnermetals.com/donner-engages-cor-capital-inc-for-investor-relations-and-updates-on-the-finders-fees-payable-in-connection-with-its-1035476-oversubscribed-non-brokered-financing/#comments Tue, 04 Mar 2014 17:24:28 +0000 http://donnermetals.com/?p=2907 Continue reading ]]> Download News Release 

DONNER ENGAGES COR CAPITAL INC. FOR INVESTOR RELATIONS AND UPDATES ON THE FINDER’S FEES PAYABLE IN CONNECTION WITH ITS  $1,035,476 OVERSUBSCRIBED NON-BROKERED FINANCING

NOT FOR DISSEMINATION IN THE UNITED STATES
OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

March 4, 2014, Montreal: Donner Metals Ltd. (“Donner” or the “Company”) (TSXV-DON), announces that it has engaged Cor Capital Inc. (“Cor”) of Burlington, Ontario, to provide non-exclusive investor relations services to the Company, including but not limited to introducing the client to institutional investors and providing advice with respect to capital structure, financing, merger and capital raising opportunities for the purpose of developing the company’s mining projects. The Company has agreed to pay Cor $22,500 due on the commencement of the Agreement, as well as monthly payments of $7,500 made as of 30 days after commencement of the Agreement, for an initial term of 3 months. Mr. Garett Prins of Burlington, Ontario, is the principal of Cor. Cor does not have any interest, directly or indirectly, in Donner or its securities, or any right or intent to acquire such an interest. The Company may, subject to compliance with applicable securities laws and the rules and policies of the TSX Venture Exchange, grant stock options under the Company’s stock option plan to Cor. The agreement is subject to the approval of the TSX Venture Exchange.

In addition, the Company wishes to provide an update on its $1,035,476 oversubscribed non-brokered private placement that closed on two tranches on February 14 and 21, 2014. The news release announcing the closing of the second tranche on February 21, 2014 stated that the Company had agreed to pay to certain finders a finder’s fee of up to 8% in cash representing an aggregate amount of $37,844, however, the press release should have stated that the Company has agreed to pay to certain finders finder’s fees in the aggregate amount of $45,834.36.

About Donner Metals

Donner is an exploration company focused on the development of mineral exploration projects in Quebec.

ON BEHALF OF THE BOARD OF

DONNER METALS LTD.

“Normand Champigny”

President & Chief Executive Officer

This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All information other than historical fact is forward-looking information. Forward-looking information relates to future events or future performance and is based on Donner’s current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking information is often, but not always, identified by the use of words such as “expect”, “project”, “proposed”, “intend”, “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “forecast”, “may”, “will”, “predict”, “potential”, “targeting”, “could”, “might”, “should”, “believe” and similar expressions. Although management considers the assumptions and estimates, reflected in forward-looking information, to be reasonable, based on information currently available, there can be no assurance that such information will prove to be correct. As a consequence, actual results may differ materially from those anticipated.

Undue reliance should not be placed on forward-looking information which is inherently uncertain, and subject to known and unknown risks and uncertainties (both general and specific) and other factors that contribute to the possibility that the future events or circumstances contemplated by the forward looking information will not occur or that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These risks include, but are not limited to risks associated with general economic conditions, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future metal prices, financial risks and substantial capital requirements. Further information regarding certain of these risks (as well as risks relating generally to the Company’s business) may be found under the headings “Risks and Uncertainties”, “Forward-Looking Information” and “Financial risk factors” in the latest Company’s Management’s Discussion & Analysis on www.sedar.com. Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. The forward-looking statements contained in this news release are made as of the date hereof and Donner does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

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CLOSING OF THE SECOND TRANCHE OF $1,035,476 OVERSUBSCRIBED NON-BROKERED FINANCING http://donnermetals.com/closing-of-the-second-tranche-of-1035476-oversubscribed-non-brokered-financing/ http://donnermetals.com/closing-of-the-second-tranche-of-1035476-oversubscribed-non-brokered-financing/#comments Fri, 21 Feb 2014 17:41:16 +0000 http://donnermetals.com/?p=2901 Continue reading ]]> CLOSING OF THE SECOND TRANCHE OF $1,035,476 OVERSUBSCRIBED NON-BROKERED FINANCING

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

February 21, 2014, Montreal: Donner Metals Ltd. (“Donner” or the “Company”) (TSXV-DON), announces that it closed today the second and final tranche of the oversubscribed non-brokered private placement announced on February 3, 2014 for aggregate gross proceeds of $249,276 to the  Company.  The Company previously announced on February 14, 2014 it had closed the first tranche of the private placement for gross proceeds of $786,200 to the Company.  The combined gross proceeds from the first and second tranches of the private placement amount to an aggregate of $1,035,476.  The funds of the second tranche of the private placement have been raised through the issuance of 2,077,300 units of the Company at a price of $0.12 per unit.  Each unit consists of one common share in the capital of the Company and one common share purchase warrant.  Each warrant entitles the holder to acquire one common share at a price of $0.16 per common share until February 21, 2016.  The securities of the Company issued pursuant to the second tranche of the private placement are subject to a four-month hold period expiring June 22, 2014.

In connection with the private placement, the Company has agreed to pay to certain finders a finder’s fee of up to 8% in cash, representing an aggregate amount of $37,844, and an 8% finder’s option representing an aggregate of 56,800 options.  Each option is non-transferable and exercisable for one unit at a price of $0.12 per unit until February 14, 2015. Each underlying warrant for each option will be non-transferable.

The aggregate proceeds from the sale of the units for the private placement will be used for the advancement of the Valmond gold property in Quebec and for general working capital purposes, including, without limitation, to explore a roll-up strategy.

Three insiders of the company participated in the private placement.  Kerry Sparkes, a director of Donner, subscribed for 100,000 units for an aggregate purchase price of $12,000, resulting in aggregate holdings of 100,000 common shares, which represents approximately 0.72% of the currently outstanding common shares of the Company, and 100,000 common share purchase warrants.  Assuming the full exercise of his common share purchase warrants and 10,000 options, Mr. Sparkes would be holding approximately 1.50% of the then outstanding common shares of the Company.  Normand Champigny, President and Chief Executive Officer of Donner, subscribed for 208,333 units for an aggregate purchase price of $25,000, resulting in aggregate holdings of 211,233 common shares, which represents approximately 1.53% of the currently outstanding common shares of the Company, and 208,333 common share purchase warrants, the full exercise of which would result in Normand Champigny holding approximately 2.98% of the then outstanding common shares of the Company. David A. Johnson, director of Donner, subscribed for 25,000 units for an aggregate purchase price of $3,000, resulting in aggregate holdings of 25,000 common shares, which represents approximately 0.18% of the currently outstanding common shares of the Company, and 25,000 common share purchase warrants, the full exercise of which would result in David A. Johnson holding approximately 0.36% of the then outstanding common shares of the Company.

The ownership percentages of each of the two new insiders of the Company resulting from the closing of the first tranche of the private placement announced on February 14, 2014, Mr. Leo Berezan and Delaware Street Capital Master Fund, LP (“Delaware Street”), was reduced as a result of the second tranche of the private placement. Neither Mr. Berezan nor Delaware Street participated in the second tranche of the private placement.

Mr. Berezan who acquired 2,000,000 units on February 14, 2014 currently holds 2,000,000 common shares, representing approximately 14.39% of the currently outstanding common shares, and 2,000,000 common share purchase warrants, the full exercise of which would result in Mr. Berezan holding approximately 25.16% based on the Company’s currently outstanding common shares.  His warrant certificate provides for a “warrant stopper” clause which restricts Mr. Berezan from acquiring more than 19.99% of the then outstanding shares, subject to certain exceptions and compliance with applicable securities laws.  He does not have any present intention to acquire additional ownership of, or control over, additional securities of Donner.  It is the intention of Mr. Berezan to evaluate its investment in Donner on a continuing basis and such holdings may be increased or decreased in the future.  The address of Mr. Berezan for the purposes of National Instrument 62-103 – Early Warning System and Related Take-Over Bid and Reporting Issues is #203-20191 92A Avenue, Langley, British Columbia V1M 3A5.  A copy of Mr. Berezan’s Early Warning Report is available on SEDAR at  www.sedar.com.

Delaware Street who acquired 1,083,333 units on February 14, 2014 currently holds 1,083,333 common shares, representing approximately 7.79% of the currently outstanding common shares, and 1,083,333 common share purchase warrants, the full exercise of which would result in Delaware Street holding approximately 14.46% based on the Company’s currently outstanding common shares.  Its warrant certificate provides for a “warrant stopper” clause which restricts Delaware Street from acquiring more than 19.99% of the then outstanding shares, subject to certain exceptions and compliance with applicable securities laws.  Delaware Street does not have any present intention to acquire additional ownership of, or control over, additional securities of Donner. It is the intention of Delaware Street to evaluate its investment in Donner on a continuing basis and such holdings may be increased or decreased in the future.  The address of Delaware Street for the purposes of National Instrument 62-103 – Early Warning System and Related Take-Over Bid and Reporting Issues is #27 Hospital Road P.O. Box 10293, George Town, Grand Cayman, Cayman Islands, KY1-1003. A copy of Delaware Street’s Early Warning Report is available on SEDAR at www.sedar.com.

The private placement was conditionally accepted by the TSX Venture Exchange.

This press release does not constitute an offer to sell, nor is it a solicitation of an offer to buy, securities. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons unless an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and all applicable state securities laws is available.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities in the United States or to, or for the account or benefit of, U.S. persons.

About Donner Metals

Donner is an exploration company focused on the development of mineral exploration projects in Quebec.

ON BEHALF OF THE BOARD OF

DONNER METALS LTD.

“Normand Champigny”

President & Chief Executive Officer

This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All information other than historical fact is forward-looking information. Forward-looking information relates to future events or future performance and is based on Donner’s current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking information is often, but not always, identified by the use of words  such  as  “expect”,  “project”,  “proposed”,  “intend”,  “seek”,  “anticipate”,  “budget”,  “plan”,  “continue”, “estimate”, “forecast”, “may”, “will”, “predict”, “potential”, “targeting”, “could”, “might”, “should”, “believe” and similar expressions. Although management considers the assumptions and estimates, reflected in forward-looking information, to be reasonable, based on information currently available, there can be no assurance that such information will prove to be correct. As a consequence, actual results may differ materially from those anticipated.

Undue reliance should not be placed on forward-looking information which is inherently uncertain, and subject to known and unknown risks and uncertainties (both general and specific) and other factors that contribute to the possibility that the future events or circumstances contemplated by the forward looking information will not occur or that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These risks include, but are not limited to risks associated with general economic conditions, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future metal prices, financial risks and substantial capital requirements. Further information regarding certain of these risks (as well as risks relating generally to the Company’s business) may be found under the headings “Risks and Uncertainties”, “Forward-Looking Information” and “Financial risk factors” in the latest Company’s Management’s Discussion & Analysis on  www.sedar.com. Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. The forward-looking statements contained in this news release are made as of the date hereof and Donner does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

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CLOSING OF THE FIRST TRANCHE OF $898,200 OVERSUBSCRIBED NON-BROKERED FINANCING http://donnermetals.com/closing-of-the-first-tranche-of-898200-oversubscribed-non-brokered-financing/ http://donnermetals.com/closing-of-the-first-tranche-of-898200-oversubscribed-non-brokered-financing/#comments Fri, 14 Feb 2014 17:47:27 +0000 http://donnermetals.com/?p=2892 Continue reading ]]> Download The Press Release

NOT FOR DISSEMINATION IN THE UNITED STATES
OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

February 14, 2014, Montreal: Donner Metals Ltd. (“Donner” or the “Company”) (TSXV-DON), announces that it closed today a first tranche of the non-brokered private placement announced on February 3, 2014 for aggregate gross proceeds of $786,200 to the Company. Since the private placement has been oversubscribed for aggregate gross proceeds of up to approximately $898,200 to the Company, the Company expects to close on or about February 19, 2014 a second tranche of the private placement of up to approximately $112,000. The funds of the first tranche of the private placement have been raised through the issuance of 6,551,667 units of the Company at a price of $0.12 per unit. Each unit consists of one common share in the capital of the Company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of $0.16 per common share until February 14, 2016. The securities of the Company issued pursuant to the private placement are subject to a four-month hold period expiring June 15, 2014. In connection with the private placement, the Company has agreed to pay to certain finders a finder’s fee of up to 8% in cash, representing an aggregate amount of up to $33,816, and an 8% finder’s option representing an aggregate of 56,800 options. Each option is non-transferable and exercisable for one unit at a price of $0.12 per unit until February 14, 2015. Each underlying warrant for each option will be non-transferable.

The aggregate proceeds from the sale of the units for the private placement will be used for the advancement of the Valmond gold property in Quebec and for general working capital purposes, including, without limitation, to explore a roll-up strategy.

The Company further announces the participation of two significant subscribers in the first tranche of the private placement: Mr. Leo Berezan and Delaware Street Capital Master Fund, LP (“Delaware Street”).

Mr. Berezan’s subscription for 2,000,000 units result in Mr. Berezan holding 2,000,000 common shares, or approximately 16.95% of the currently outstanding common shares. He was also issued 2,000,000 common share purchase warrants, the full exercise of which would result in Mr. Berezan holding approximately 28.97% based on the Company’s currently outstanding common shares. His warrant certificate provides for a “warrant stopper” clause which restricts Mr. Berezan from acquiring more than 19.99% of the then outstanding shares, subject to certain exceptions and compliance with applicable securities laws. He does not have any present intention to acquire additional ownership of, or control over, additional securities of Donner. It is the intention of Mr. Berezan to evaluate its investment in Donner on a continuing basis and such holdings may be increased or decreased in the future. The address of Mr. Berezan for the purposes of National Instrument 62-103 – Early Warning System and Related Take-Over Bid and Reporting Issues is #203-20191 92A Avenue, Langley, British Columbia V1M 3A5. A copy of Mr. Berezan’s Early Warning Report is available on SEDAR at www.sedar.com.

Delaware Street’s subscription for 1,083,333 units result in Delaware Street holding 1,083,333 common shares, or approximately 9.16% of the currently outstanding common shares. Delaware Street was also issued 1,083,333 common share purchase warrants, the full exercise of which would result in Delaware Street holding approximately 16.79% based on the Company’s currently outstanding common shares. Its warrant certificate provides for a “warrant stopper” clause which restricts Delaware Street from acquiring more than 19.99% of the then outstanding shares, subject to certain exceptions and compliance with applicable securities laws. Delaware Street does not have any present intention to acquire additional ownership of, or control over, additional securities of Donner. It is the intention of Delaware Street to evaluate its investment in Donner on a continuing basis and such holdings may be increased or decreased in the future. The address of Delaware Street for the purposes of National Instrument 62-103 – Early Warning System and Related Take-Over Bid and Reporting Issues is #27 Hospital Road P.O. Box 10293, George Town, Grand Cayman, Cayman Islands, KY1-1003. A copy of Delaware Street’s Early Warning Report is available on SEDAR at www.sedar.com.

The private placement was conditionally accepted by the TSX Venture Exchange.

This press release does not constitute an offer to sell, nor is it a solicitation of an offer to buy, securities. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons unless an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and all applicable state securities laws is available.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities in the United States or to, or for the account or benefit of, U.S. persons.

About Donner Metals

Donner is an exploration company focused on the development of mineral exploration projects in Quebec.

ON BEHALF OF THE BOARD OF

DONNER METALS LTD.

“Normand Champigny”

President & Chief Executive Officer

This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All information other than historical fact is forward-looking information. Forward-looking information relates to future events or future performance and is based on Donner’s current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking information is often, but not always, identified by the use of words such as “expect”, “project”, “proposed”, “intend”, “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “forecast”, “may”, “will”, “predict”, “potential”, “targeting”, “could”, “might”, “should”, “believe” and similar expressions. Although management considers the assumptions and estimates, reflected in forward-looking information, to be reasonable, based on information currently available, there can be no assurance that such information will prove to be correct. As a consequence, actual results may differ materially from those anticipated.

Undue reliance should not be placed on forward-looking information which is inherently uncertain, and subject to known and unknown risks and uncertainties (both general and specific) and other factors that contribute to the possibility that the future events or circumstances contemplated by the forward looking information will not occur or that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These risks include, but are not limited to risks associated with general economic conditions, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future metal prices, financial risks and substantial capital requirements. Further information regarding certain of these risks (as well as risks relating generally to the Company’s business) may be found under the headings “Risks and Uncertainties”, “Forward-Looking Information” and “Financial risk factors” in the latest Company’s Management’s Discussion & Analysis on www.sedar.com. Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. The forward-looking statements contained in this news release are made as of the date hereof and Donner does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor it’s 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 news release. 

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DONNER METALS ANNOUNCES $600,000 PRIVATE PLACEMENT FINANCING http://donnermetals.com/donner-metals-announces-600000-private-placement-financing/ http://donnermetals.com/donner-metals-announces-600000-private-placement-financing/#comments Mon, 03 Feb 2014 22:52:33 +0000 http://donnermetals.com/?p=2889 Continue reading ]]>

February 3, 2014, Montreal: Donner Metals Ltd. (“Donner” or the “Company”) (TSXV-DON), reports that it intends to complete a private placement financing totaling approximately $600,000.   The funds will be raised through the issuance of approximately 5,000,000 units of the Company at a price of $0.12 per unit. Each unit will consist of one common share in the capital of the Company and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at a price of $0.16 per common share for a period of

2 years from the closing date. Finders’ fees will be payable in connection with the private placement.

The aggregate proceeds from the sale of the units will be used for the advancement of the Valmond gold property in Quebec and for general working capital purposes, including, without limitation, to explore a roll-up strategy.

The closing of the financing is subject to the completion of formal documentation, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange, and other customary conditions. The common shares and warrants will be subject to a four-month hold period.

This press release does not constitute an offer to sell, nor is it a solicitation of an offer to buy, securities. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons unless an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and all applicable state securities laws is available. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities in the United States or to, or for the account or benefit of, U.S. persons.

About Donner Metals

Donner is an exploration company focused on the development of mineral exploration projects in Quebec. ON BEHALF OF THE BOARD OF

DONNER METALS LTD.

“Normand Champigny”

President & Chief Executive Officer

This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All information other than historical fact is forward-looking information. Forward-looking information relates to future events or future performance and is based on Donner’s current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking information is often, but not always, identified by the use of words  such  as  “expect”,  “project”,  “proposed”,  “intend”,  “seek”,  “anticipate”,  “budget”,  “plan”,  “continue”, “estimate”, “forecast”, “may”, “will”, “predict”, “potential”, “targeting”, “could”, “might”, “should”, “believe” and similar expressions. Although  management considers  the  assumptions and  estimates, reflected  in  forward-looking information, to be reasonable, based on information currently available, there can be no assurance that such information will prove to be correct. As a consequence, actual results may differ materially from those anticipated.

Undue reliance should not be placed on forward-looking information which is inherently uncertain, and subject to known and unknown risks and uncertainties (both general and specific) and other factors that contribute to the possibility that the future events or circumstances contemplated by the forward looking information will not occur or that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These risks include, but are not limited to risks associated with general economic conditions, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future metal prices, financial risks and substantial capital requirements. Further information regarding certain of these risks (as well as risks relating generally to the Company’s business) may be found under the headings “Risks and Uncertainties”, “Forward-Looking Information” and “Financial risk factors” in the latest Company’s Management’s Discussion & Analysis on www.sedar.com. Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. The forward-looking statements contained in this news release are made as of the date hereof and Donner does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor it’s 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 news release.

 

 

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Donner and Midland Identify Several New Drilling Targets On Valmond Following Geophysical Surveys http://donnermetals.com/donner-and-midland-identify-several-new-drilling-targets-on-valmond-following-geophysical-surveys/ http://donnermetals.com/donner-and-midland-identify-several-new-drilling-targets-on-valmond-following-geophysical-surveys/#comments Thu, 16 Jan 2014 17:13:33 +0000 http://donnermetals.com/?p=2868 Continue reading ]]> January 16, 2014, Montreal: Donner Metals Ltd. (“Donner” or the “Company”) (TSXV-DON), in partnership with Midland Exploration Inc. (“Midland”), is pleased to report that several new high-priority drilling targets have been outlined on its Valmond gold property as a result of a recently completed Induced Polarization (“IP”) survey. The Valmond property is currently wholly owned by Midland and consists of 62 claims covering a surface area of about 35 square kilometres. This property is located about 50 kilometres west of the town of Matagami, in Abitibi, Quebec.

The Valmond property covers, over more than 10 kilometres, an important gold-bearing structure trending NW-SE that hosts several historical occurrences with drill intercepts grading 2.3 g/t Au over 4.57 metres and 5.22 g/t Au over 1.55 metres. This structure has been explored in the past and the principal showing known to date has been traced over a strike length of more than 300 metres. This gold showing is characterized by an extensive hydrothermal alteration zone more than 70 metres wide and remains open below a depth of 200 metres, where the deepest historical drill hole yielded a grade of 3.77 g/t Au over 1.50 metres.

A pole-dipole IP survey totalling 48.1 line-kilometres was completed during the month of December 2013 in the central part of the Valmond property. A detailed interpretation of the survey results reveals the presence of a strong anomaly characterized by a sharp drop in resistivity directly caused by the presence of sulphide mineralization (pyrite-pyrrhotite-chalcopyrite-arsenopyrite) on the principal gold showing. This anomaly extends toward the northwest over a distance of about 800 metres, whereas toward the southeast IP profiles indicate that the anomaly is located deeper. Two shallow drill holes are proposed to test the anomaly at 100 metres vertical depth along the northwest extension of the principal showing, and one drill hole is proposed to test the southeast plunge at a vertical depth of about 300 metres, i.e. about 100 metres below historical drill hole S86-9, which graded 3.77 g/t Au over 1.5 metres (Source: MRN SIGEOM NTS sheet 32E09; GM46724).

Further east, in an area that has never been drill-tested, four distinct IP axes characterized by high chargeability values associated with low resistivity values were detected. These axes are commonly located along magnetic contacts or near inferred structural intersections. Five additional shallow drill holes are proposed to test these new targets at about 100 metres vertical depth. In addition, a property-wide helicopter-borne VTEM-type electromagnetic survey, totalling 900 line- kilometres, was also completed in December 2013. The survey results and the detailed interpretation are pending.

Maps showing the location of the new drilling targets for the Valmond property may be consulted using the following link: http://media3.marketwire.com/docs/922232c.pdf

Conditions of exploration agreement

Donner may earn a 50% interest in the Valmond property in consideration of exploration expenditures totalling $2,500,000, including a firm commitment of $300,000 during the first year of the agreement, and cash payments totalling $250,000 over a period of four years. Midland will be the project operator for the duration of the option agreement.

About Donner Metals

Donner is an exploration company focused on the development of mineral exploration projects in Quebec.

This press release was prepared by Normand Champigny, eng., acting as Donner’s Qualified Person under 

NI 43-101.

ON BEHALF OF THE BOARD OF

DONNER METALS LTD.

“Normand Champigny”

President & Chief Executive Officer

This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All information other than historical fact is forward-looking information. Forward-looking information relates to future events or future performance and is based on Donner’s current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking information is often, but not always, identified by the use of words such as “expect”, “project”, “proposed”, “intend”, “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “forecast”, “may”, “will”, “predict”, “potential”, “targeting”, “could”, “might”, “should”, “believe” and similar expressions. Although management considers the assumptions and estimates, reflected in forward-looking information, to be reasonable, based on information currently available, there can be no assurance that such information will prove to be correct. As a consequence, actual results may differ materially from those anticipated.

Undue reliance should not be placed on forward-looking information which is inherently uncertain, and subject to known and unknown risks and uncertainties (both general and specific) and other factors that contribute to the possibility that the future events or circumstances contemplated by the forward looking information will not occur or that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These risks include, but are not limited to risks associated with general economic conditions, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future metal prices, financial risks and substantial capital requirements. Further information regarding certain of these risks (as well as risks relating generally to the Company’s business) may be found under the heading “Financial risk factors” in the Company’s Management’s Discussion & Analysis. Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. The forward-looking statements contained in this news release are made as of the date hereof and Donner does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

 

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