Duran Ventures Inc.

Duran Ventures Inc.

September 02, 2009 17:06 ET

Duran Granted Final Approval For $1,000,000 Financing

TORONTO, ONTARIO--(Marketwire - Sept. 2, 2009) - Duran Ventures Inc. (TSX VENTURE:DRV) is pleased to announce that the $1,000,000 financing announced August 28, 2009 has received TSX Venture Exchange approval.

On August 5, 2009, the Company issued 4,564,800 shares and warrants exercisable at $0.10 until August 5, 2011. These shares and warrants are restricted until December 6, 2009. On August 26, 2009 the Company issued 15,435,200 shares and warrants exercisable at $0.10 until August 26, 2011. These shares and warrants are restricted until December 27, 2009. The expiry date of the 20,000,000 warrants are the earlier of the April 2012 dates above or thirty days after a news release announcing an earlier expiry after the shares have closed at $0.15 or more for ten consecutive trading days after the December 2009 restriction dates as mentioned above.

Subscriptions included 970,000 units subscribed by six individuals that are directors, officers, or both.

Finder's fees of $32,000 in cash were paid to PI Financial Corp., Randal Lee and David Anderson, all of Vancouver B.C.

Finder's fees of 724,600 common shares were issued to Tauney Yu of Toronto, Ontario, Jason Rucker of Burlington, Ontario, Anthony Del Campo of Woodbridge, Ontario, Gord Zelko of Osoyoos, B.C., and Dehradun Financial Corp. of Delta, B.C.

There are 85,306,612 common shares issued and outstanding at September 2, 2009.

Proceeds will be used for working capital purposes and to fund Duran's work program requirements.

Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture Exchange: Symbol "DRV"

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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