Declan Resources Inc.
TSX VENTURE : LAN

July 11, 2013 08:00 ET

Declan Closes $600,000 Debt Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 11, 2013) - Declan Resources Inc. ("Declan" or the "Company") (TSX VENTURE:LAN) announces that it has closed a debt financing of CDN$600,000 (the "Loan") which will be expended on Declan's Nimini Hills (Sierra Leone) project and for general working capital purposes. Two insiders of the Company are participating in the Loan financing. The Loan is for a one year term and bears interest at 12% per annum. Declan is issuing an aggregate of 2,400,000 bonus shares to the lenders at a price of $0.05 as consideration for the Loan in accordance with TSX-V policy 5.1. The shares will be subject to a hold period expiring four months and one day after the date of issuance. The Loan has received approval from the TSX Venture Exchange.

About Declan Resources Inc.

Declan Resources Inc. is an independent mineral exploration company based in Vancouver, B.C. which is currently pursuing gold exploration in their Nimini Hills and Baomahun license areas in Sierra Leone.

Neither 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 release.

Contact Information

  • Declan Resources Inc.
    Wayne Tisdale
    President and CEO
    (604) 639-4455