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DAKOTA MINING CORP. ANNOUNCES STOCK TRADING ON TORONTO AND AMEX EXCHANGES; APPOINTMENT OF NEW DIRECTORS

 DENVER, Sept. 22 /PRNewswire/ -- Dakota Mining Corp., (AMEX: DKT) formerly MinVen Gold Corp., announces trading has commenced on the Toronto and American stock exchanges under the symbol DKT. Both the company's shares and warrants are listed and traded on these exchanges.
 Under the terms of the previously announced reorganization, old common shares are exchanged for one new common share and one half of a common share purchase warrant for each 12.43452 outstanding common shares of MinVen. Each whole warrant will entitle the holder to purchase one additional new common share, provided it is exercised within two years from the issue date of Sept. 15, 1993, at an exercise price of U.S. $1.50 during the first year and U.S. $1.75 during the second year.
 Dakota Mining Corp. has an aggregate total of 13,967,662 new common shares and 6,983,731 warrants issued and outstanding as of Sept. 15, 1993.
 At the company's Special and Annual Meeting held on Sept. 13, 1993, two new directors were elected to the board, replacing Patrick J. Mars and Dr. Giles R. Peatfield, who retired. The new directors are Stanley Dempsey of Denver, and Edward G. Thompson of Toronto. Dempsey is chairman and chief executive officer of Royal Gold Inc., a Denver-based gold exploration company, and Thompson is president of E.G. Thompson Mining Consultants Inc.
 The company also announced that on Sept. 21, 1993, it granted options under its Director and Employee Stock Option Plan to purchase an aggregate total of 565,000 common shares, exercisable over five years at Cdn $3.50 per share.
 Dakota is a publicly held mining company based in Denver with interests in four producing gold mines in the United States.
 -0- 9/22/93
 /CONTACT: Alan R. Bell, president and CEO, or Robert R. Gilmore, VP and CFO, 303-573-0221/
 (DKT)


CO: Dakota Mining Corp.; MinVen Gold Corp. ST: Colorado IN: MNG SU: PER

LM-JB -- LA028 -- 4919 09/22/93 17:52 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
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