Datinvest International Ltd.
NEX BOARD : DAI.H

July 10, 2007 18:06 ET

Datinvest International Ltd. Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 10, 2007) -

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

DATINVEST INTERNATIONAL LTD. (NEX:DAI.H) (the "Company") is pleased to announce that the Company has entered negotiations for a non-brokered private placement of up to 13,000,000 Units for gross proceeds up to $6,500,000 of the Company at the price of $0.50 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 $0.75 per share for a period of twelve months. A finder's fee of up to 7% of the gross proceeds raised pursuant to this financing may be paid in cash or common shares. 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 IN PART to pay for the acquisition of the La Rosa property. It is anticipated that US$4,175,000 OF the PROCEEDS will be lent to 0770728 B.C. Ltd. ("770") prior to the closing of the reverse take-over, subject to the acceptance of the TSX Venture Exchange (the "Exchange") and the closing of the private placement.

The foregoing is subject to compliance with all applicable securities laws and receipt of all necessary regulatory approvals.

On Behalf of the Board of Directors

Datinvest International Ltd.

Jason Birmingham, President & Secretary

The TSX Venture Exchange and NEX have not reviewed and do not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Datinvest International Ltd.
    Jason Birmingham
    President
    (604) 761-3203
    (604) 683-5317 (FAX)