Dajin Closes $1,266,600 Financing
Vancouver, B.C. / TheNewswire / April 22, 2016 - Dajin Resources Corp.. (the "Dajin") (TSX-V: DJI) (OTC: DJIFF) (Frankfurt: A1XF20) is pleased to report that it has closed the non-brokered Private Placement announced on April 12, 2016 with the issuance of 10,555,000 Units to 21 investors for gross proceeds of $1,266,600. The common shares issued pursuant to this financing are subject to a four month hold period expiring August 22, 2016. A finder's fee of 50,000 Units and $3,600 was paid in respect to this financing.
Each Unit consists of one common share in the capital of the Company ("Common Share") and one non-transferable share purchase warrant ("Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share of the Company at a price of $0.17 on or before April 20, 2018.
The proceeds from the Private Placement will be used for property exploration, project development, the review of new projects and for general working capital.
About Dajin:
Dajin is an early stage energy metals exploration company holding a 100% interest in 265 placer claims known to contain Lithium and Boron values in the Teels Marsh region of Mineral County, Nevada. These claims, which cover 5,282 acres (2,138 hectares), are the birth place of US Borax Corp's first borax mine. Dajin also holds claims in the Alkali Lake region of Esmeralda County, Nevada. Dajin has entered into an option agreement with Nevada Energy Metals Inc. (TSX-V: BFF) to explore their 191 placer claims covering 3,851 acres (1,558 hectares) in this region, 7 miles (12 kilometers) northeast of Rockwood's Clayton Valley Lithium operations.
Dajin also holds a 100% interest in concessions or concession applications in Jujuy Province, Argentina that were acquired in regions known to contain brines with Potassium, Lithium and Boron values. These concessions total approximately 93,000 hectares (230,000 acres) and are located in the Salinas Grandes/Guayatayoc salt lakes basin adjacent to concessions held by Orocobre Ltd. (TSX-T: ORL), who is partnered with Toyota Tsusho. In July, 2015, Dajin completed an agreement with the Tres Morros Cooperativa for exploration of the San Jose Project consisting of 4,400 hectares (10,873 acres) of mineral concessions (San Jose and Navidad) within the Salinas Grandes salar.
DAJIN RESOURCES CORP.
Brian Findlay, President
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