Duncan Park Holdings Corporation
TSX VENTURE : DPH

Duncan Park Holdings Corporation

August 03, 2011 16:56 ET

Duncan Park Completes Private Placement; Drilling on Dome Property Scheduled to Commence This Week

TORONTO, ONTARIO--(Marketwire - Aug. 3, 2011) -

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Duncan Park Holdings Corporation (TSX VENTURE:DPH) announced today that it has completed its private placement of $600,000 of common shares.

The Company issued 6,000,000 common shares pursuant to its previously announced private placement (see July 22, 2011 press release) at a price of $0.10 per share. Proceeds from the private placement will be used for general working capital purposes.

Duncan Park paid a finder's fee of $5,500 to Jones, Gable & Company Limited. Insiders of the Company subscribed for approximately 9.9% of the private placement. The securities issued pursuant to the private placement are subject to a hold period expiring December 4, 2011.

Duncan Park also announces that its drilling contractor is on the Dome Property and the nine-hole, 2,700 metre Red Lake drilling program (announced July 22, 2011) is commencing this week.

Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.

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