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Message: Duran Announces Private Placement for up to $750,000

Duran Announces Private Placement for up to $750,000

posted on Nov 10, 2009 04:38PM

Duran Announces Private Placement for up to $750,000

TORONTO, ONTARIO--(Marketwire - Nov. 10, 2009) - Duran Ventures Inc. (TSX VENTURE:DRV) announces that it has received conditional approval from the TSX Venture Exchange for a non-brokered private placement financing (the "Offering") of up to $750,000.

The Offering is expected to raise up to $750,000 by the issue of up to 5,000,000 common shares at $0.15 per share. Each share unit purchased in this Offering includes a warrant which entitles the holder to purchase an additional common share of Duran at an exercise price of $0.20. The warrants will expire twelve months from the date of issue unless the closing price of the common shares has been $0.30 or higher for ten consecutive trading days, in which case the warrants will expire 30 days after a news release announcing an earlier expiry date. The Offering also includes a provision for a finders fee payable at a rate of up to 10% of gross proceeds from share unit sales or in equivalent common shares at a rate of up to 10% of the number of share units sold. The securities issued in connection with the Offering are subject to a four month hold period from the date of issue.

Duran currently has 85,406,612 common shares issued and outstanding.

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.

For more information, please contact

Duran Ventures Inc.
Jeffrey Reeder
CEO
416-867-1101
(416) 867-1222 (FAX)
duranventures@ca.inter.net
www.duranventuresinc.com
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