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Message: Brokered Private Placement
| April 8, 2009 |
| Donner Metals Ltd.: Brokered Private Placement |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 8, 2009) - Mr. David Patterson, Chairman of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M), reports that the Company is undertaking a brokered private placement in an amount up to $2,020,000. The private placement will consist of up to 8,000,000 flow-through shares at $0.19 per share and up to 3,333,333 units at $0.15 per unit. Each unit will consist of one common share and one common share purchase warrant entitling the holder to acquire one common share at a price of $0.25 per share for a period of 24 months. Industrial Alliance Securities Inc. and Laurentian Bank Securities Inc. are acting as co-leads for the private placement. The funds raised by way of the financing will be used for exploration of the Matagami Zinc/Copper Project, located in Quebec, which is subject to the Option and Joint Venture Agreement with Xstrata Canada Corporation - Xstrata Zinc Canada Division, and for general working capital purposes. Fees and commissions will be payable in connection with the private placement. The private placement is subject to the approval of the TSX Venture Exchange. ON BEHALF OF THE BOARD OF DONNER METALS LTD. David Patterson, Chairman |
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