DeeThree Exploration Ltd.
TSX : DTX
OTCQX : DTHRF

DeeThree Exploration Ltd.

December 17, 2013 09:15 ET

DeeThree Exploration Announces Exercise in Full, and Closing of Over-Allotment Option

CALGARY, ALBERTA--(Marketwired - Dec. 17, 2013) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

DeeThree Exploration Ltd. ("DeeThree" or the "Corporation") (TSX:DTX)(OTCQX:DTHRF) is pleased to announce it has issued an additional 570,000 common shares at $9.25 per common share for gross proceeds of $5,272,500 pursuant to the exercise in full of the over-allotment option in connection with the previously-announced short-form prospectus offering.

The offering was led by Raymond James Ltd. (book runner), Macquarie Capital Markets Canada Ltd. and Cormark Securities Inc. and included a syndicate of underwriters consisting of Dundee Securities Ltd., TD Securities Inc., GMP Securities L.P., National Bank Financial Inc., CIBC World Markets Inc. and Casimir Capital Ltd.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained herein constitute forward-looking statements, including statements concerning use of proceeds from the exercise of the over-allotment option. DeeThree believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. The forward-looking statements included in this press release are made as of the date of this press release and DeeThree disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Contact Information

  • DeeThree Exploration Ltd.
    Martin Cheyne
    President and Chief Executive Officer
    (403) 263-9130