Datinvest International Ltd.
NEX BOARD : DAI.H

May 18, 2011 18:21 ET

Datinvest International Ltd. Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 18, 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 closed its non-brokered private placement announced on May 6, 2011 to raise gross proceeds of $500,000. Pursuant to the private placement, the Company issued 7,692,308 units ("Units") at a price of $0.065 per Unit, each Unit consisting of one common share (a "Share") and one share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional Share of the Company at a price of $0.10 per Share until May 17, 2012.

All securities are subject to a four month hold period expiring on September 18, 2011.

No finder's fee was paid with respect to this private placement and proceeds will be used for general working capital purposes.

Datinvest International Ltd.

Jason Birmingham, President and Director

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.

Contact Information

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