DION ENTERTAINMENT CORP. CLOSES PRIVATE PLACEMENT AND RAISES $5.5 MILLION.WHITE ROCK, BC--(BUSINESS WIRE)--JULY 4, 1995--DION ENTERTAINMENT(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : DIO DIO Diode DIO Digital Input/Output DIO Defence Intelligence Organisation (Australia) DIO Designated Institutional Official DIO Days Inventory Outstanding DIO Data Input-Output DIO Defence Industries Organisation ) Dion Entertainment Corp. announced today that it has closed its previously announced private placement of Special Warrants raising gross proceeds of $5.5 million. Griffiths McBurney & Partners Inc., Yorkton Securities Inc. and Sprott Securities Limited acted as agents in connection with the offering. Each Special Warrant was sold for a price of $1.10 per Special Warrant, and will be exercisable without further payment to acquire one common share of the Company. Dion Entertainment will use the proceeds of the offering to finance its Indian Gaming projects. Dion has entered into agreements to finance, develop and manage First Nations gaming facilities in Maritime INTEREST, MARITIME. By maritime interest is understood the profit of money lent on bottomry or respondentia, which is allowed to be greater than simple interest because the capital of the lender is put in jeopardy. Canada. The first project, a gaming and entertainment facility with the Ft. Folly folly In architecture, an eccentric, generally nonfunctional (and often deliberately unfinished) structure erected to enhance a romantic landscape. Follies were particularly in vogue in England in the 18th and early 19th century. first Nations Band in Moncton, New Brunswick New Brunswick, province, Canada New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada. , is currently under construction with an opening date set for late September 1995. The second, a gaming and entertainment facility with the St.Mary's First Nations Band in Fredericton, New Brunswick remains subject to government approval. Dion Entertainment Corp. is the first Canadian publicly traded gaming company and is one of the largest providers of gaming facilities in Canada. CONTACT: Frank Port, 604/535-7333 1-800-696-7333 (US Only) |
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