DGM Minerals Corp.
TSX VENTURE : DGM

February 02, 2012 14:45 ET

DGM Minerals Corp. Closes IPO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2012) -

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

DGM Minerals Corp. (the "Company") (TSX VENTURE:DGM) is pleased to announce that it has closed its initial public offering ("IPO") of an aggregate of 3,333,334 common shares ("Shares") at a price of $0.15 per Share for gross proceeds of $500,000.10.

Union Securities Ltd. (the "Agent") acted as agent for the IPO. The Company paid the Agent a cash commission equal to 8% of the gross proceeds of the IPO and granted non-transferable agent's warrants to purchase up to 266,666 common shares of the Company at a price of $0.15 per share exercisable until February 1, 2017. The Agent was also paid a corporate finance fee for its services in connection with the IPO.

The Company has received conditional approval from the TSX Venture Exchange for the listing of the Company's common shares under the symbol "DGM". Trading is expected to begin on or about February 6th, 2012.

The Company plans to use the net proceeds from the IPO for exploration of its Notamiche Property, expenses of the IPO, payment of accrued management fees and for general working capital.

About the Company

DGM Minerals Corp. is a Vancouver-based mineral exploration company currently focused on the acquisition and exploration of early-stage projects in Quebec, Canada. For further information, please refer to the Company's filings on SEDAR (www.sedar.com) or contact the Company by telephone at 778.999.7030.

ON BEHALF OF THE BOARD

Peter Smith, President and CEO

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to the use of proceeds from the IPO, Company's mineral property, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the ability of the Company to obtain or maintain an interest in the Notamiche Property or any other mineral property, changes in economic conditions or financial markets; changes in prices for mineral products or increases in costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Except as required by law, the Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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 release.

Contact Information