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PRESS RELEASE
DUMONT NICKEL INC. - January 14, 2003
DUMONT ANNOUNCES A PRIVATE PLACEMENT OF $168,000 SUBJECT TO REGULATORY APPROVAL
DUMONT NICKEL INC. (DNI - TSX-Ven) (the “Company”) has agreed to issue by way of private placement a maximum of 1,120,000 units at $0.15 per unit to arm’s length and non-arm’s length parties for total proceeds of $168,000. Each unit consists of one common share and one share purchase warrant (the "Warrant") of the Company. Each Warrant entitles its holder to purchase one additional common share at a price of $0.30 per share for a period of 18 months from closing.
The proceeds of the private placement will be used to fund exploration on the Company’s properties and for working capital purposes.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture; Issued: 28,653,629 common shares.
For further information, contact Shahé Sabag, President & CEO or Denis Clement, Chairman (416-366-9192) or visit www.dumontnickel.com
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