Donner Metals Ltd.
TSX VENTURE : DON
FRANKFURT : D4M

Donner Metals Ltd.

September 12, 2014 11:02 ET

Donner Closes a Follow-On $250,250 Private Placement

MONTREAL, QUEBEC--(Marketwired - Sept. 12, 2014) -

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Donner Metals Ltd. ("Donner" or the "Corporation") (TSX VENTURE:DON)(FRANKFURT:D4M) announces that it closed a follow-on brokered private placement (the "Brokered Private Placement") by issuing 1,925,000 units at a price of $0.13 per unit (the "Units'), for total gross proceeds of $250,250. Each Unit consists of one common share ("Common Shares") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one Common Share at a price of $0.175 per Common Share until September 12, 2016. The securities of the Corporation to be issued pursuant to the Brokered Private Placement are subject to a four-month hold period expiring January 13, 2015. The combined gross proceeds from the Brokered Private Placement and the non-brokered placement previously announced on September 8, 2014 amount to an aggregate of $1,340,900.

Haywood Securities Inc. acted as sole agent and bookrunner with respect to the Brokered Private Placement (the "Agent"). The Corporation has agreed to pay the Agent a cash commission equal to 8% of the gross proceeds representing $20,020 and an 8% agent option representing an aggregate of 154,000 agent options (the "Agent Options"). Each Agent Option is exercisable for one Unit at a price of $0.13 per Unit until September 12, 2015.

The Corporation will use the proceeds for the purpose of advancing the Samson nickel-copper-PGE property, Valmond gold property, Preissac nickel-copper-PGE property and other exploration properties that are in discussions with potential partners in Québec as well as for general corporate purposes.

The Private Placement was conditionally accepted by the TSX Venture Exchange on September 4, 2014 and remains subject to final approval.

About Donner Metals

Donner is an exploration company focused on the development of mineral exploration projects in Quebec and on executing a roll-up strategy that includes the acquisitions of operating mines. The Corporation is committed to a leading standard of practice with respect to health, safety, community relations and environmental management.

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.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Donner's periodic reports including the annual report or in the filings made by Donner from time to time with securities regulatory authorities.

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