Dayton Closes $9 Million Equity Financing.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Mar. 2, 2000 Dayton Mining Corporation (AMEX AMEX See: American Stock Exchange :DAY)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DAY.) announces that it has closed the previously announced $9 million equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. of 81,818,181 special warrants at $0.11 per special warrant. The net proceeds of the financing will be held in escrow pending receipt of a final prospectus qualifying for distribution the common shares issuable upon exercise of the special warrants, completion of Dayton's recently announced transaction involving Mirage Resource Corporation and the Denton-Rawhide gold and silver mine and receipt of shareholder approval for the issuance of common shares upon exercise of the special warrants. The net proceeds of the offering will be used for the advancement of the El Dorado property Dayton intends to acquire pursuant to its proposed transaction with Mirage Resource Corporation and for general working capital purposes. Dayton Mining Corporation holds a 100% interest in the Andacollo Gold Mine located in central Chile, and trades on both the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX) and Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (TSE) under the trading symbol DAY. |
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