Duran Ventures Inc.
TSX VENTURE : DRV

Duran Ventures Inc.

November 13, 2009 16:05 ET

Duran Completes First Tranche of Private Placement

TORONTO, ONTARIO--(Marketwire - Nov. 13, 2009) - Duran Ventures Inc. (TSX VENTURE:DRV) announces that it has completed the first tranche of a $750,000 best-efforts, non-brokered, private placement financing (the "Offering") which was previously announced on November 10, 2009. Under the first tranche, the Company issued 1,700,000 share units for gross proceeds of $255,000.

The Offering is expected to raise up to $750,000 by the issue of up to 5,000,000 common shares at $0.15 per share. Each share unit purchased in this Offering includes a warrant which entitles the holder to purchase an additional common share of Duran at an exercise price of $0.20. The warrants will expire twelve months from the date of issue unless the closing price of the common shares has been $0.30 or higher for ten consecutive trading days, in which case the warrants will expire 30 days after a news release announcing an earlier expiry date. The Offering also includes a provision for a finders fee payable at a rate of up to 10% of gross proceeds from share unit sales or in equivalent common shares at a rate of up to 10% of the number of share units sold. The securities issued in connection with the Offering are subject to a four month hold period from the date of issue.

Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture Exchange: Symbol "DRV"

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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