Datinvest International Ltd.
TSX VENTURE : DAI.H

May 06, 2011 18:19 ET

Datinvest International Ltd. Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2011) -

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

Datinvest International Ltd. (TSX VENTURE:DAI.H) (the "Company") is pleased to announce that it has arranged a non-brokered private placement of up to 7,692,308 Units of the Company for gross proceeds of $500,000 at a price of $0.065 per Unit, each Unit consisting of one common share and one warrant, each warrant entitling the holder to purchase one additional share of the Company at a price of $0.10 per share for a period of twelve months.

All securities issued pursuant to the Offering will be subject to a four month hold period. The net proceeds from the private placement will be used for general working capital. No finder's fee will be paid with respect to this financing.

Neither the TSX Venture Exchange nor its 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.

Datinvest International Ltd.

"Jason Birmingham"

Jason Birmingham
President, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Datinvest International Ltd.
    Jason Birmingham
    President
    778-987-3203