MONTREAL, QUEBEC--(Marketwired - March 4, 2014) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
Donner Metals Ltd. ("Donner" or the "Company") (TSX VENTURE:DON)(FRANKFURT:D4M), announces that it has engaged Cor Capital Inc. ("Cor") of Burlington, Ontario, to provide non-exclusive investor relations services to the Company, including but not limited to introducing the client to institutional investors and providing advice with respect to capital structure, financing, merger and capital raising opportunities for the purpose of developing the company's mining projects. The Company has agreed to pay Cor $22,500 due on the commencement of the Agreement, as well as monthly payments of $7,500 made as of 30 days after commencement of the Agreement, for an initial term of 3 months. Mr. Garett Prins of Burlington, Ontario, is the principal of Cor. Cor does not have any interest, directly or indirectly, in Donner or its securities, or any right or intent to acquire such an interest. The Company may, subject to compliance with applicable securities laws and the rules and policies of the TSX Venture Exchange, grant stock options under the Company's stock option plan to Cor. The agreement is subject to the approval of the TSX Venture Exchange.
In addition, the Company wishes to provide an update on its $1,035,476 oversubscribed non-brokered private placement that closed on two tranches on February 14 and 21, 2014. The news release announcing the closing of the second tranche on February 21, 2014 stated that the Company had agreed to pay to certain finders a finder's fee of up to 8% in cash representing an aggregate amount of $37,844, however, the press release should have stated that the Company has agreed to pay to certain finders finder's fees in the aggregate amount of $45,834.36.
About Donner Metals
Donner is an exploration company focused on the development of mineral exploration projects in Quebec.
ON BEHALF OF THE BOARD OF DONNER METALS LTD.
Normand Champigny, President & Chief Executive Officer
This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All information other than historical fact is forward-looking information. Forward-looking information relates to future events or future performance and is based on Donner's current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking information is often, but not always, identified by the use of words such as "expect", "project", "proposed", "intend", "seek", "anticipate", "budget", "plan", "continue", "estimate", "forecast", "may", "will", "predict", "potential", "targeting", "could", "might", "should", "believe" and similar expressions. Although management considers the assumptions and estimates, reflected in forward-looking information, to be reasonable, based on information currently available, there can be no assurance that such information will prove to be correct. As a consequence, actual results may differ materially from those anticipated.
Undue reliance should not be placed on forward-looking information which is inherently uncertain, and subject to known and unknown risks and uncertainties (both general and specific) and other factors that contribute to the possibility that the future events or circumstances contemplated by the forward looking information will not occur or that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. These risks include, but are not limited to risks associated with general economic conditions, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future metal prices, financial risks and substantial capital requirements. Further information regarding certain of these risks (as well as risks relating generally to the Company's business) may be found under the headings "Risks and Uncertainties", "Forward-Looking Information" and "Financial risk factors" in the latest Company's Management's Discussion & Analysis on www.sedar.com. Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. The forward-looking statements contained in this news release are made as of the date hereof and Donner does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor it's 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.