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Message: Donner Metals Ltd.: Non-Brokered Financing
| May 14, 2009 |
| Donner Metals Ltd.: Non-Brokered Financing |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2009) - NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Mr. David Patterson, Chairman of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M), reports that further to the Company's news release dated March 16, 2009, the Company anticipates closing a second tranche of a non-brokered private placement in an amount of up to $1,000,000. The funds will be raised by the Company by issuing a combination of 1) flow-through ("FT") Units, at a price of $0.19 per FT Unit, each FT Unit is comprised of one common share and one-half of one share purchase warrant, each whole warrant is exercisable into one common share at a price of $0.25 for two years; and 2) FT common shares, at a price of $0.19 per FT common share. 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. 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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