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DAYTON CLOSES U.S. $15.0 MILLION FINANCING

 VANCOUVER, British Columbia, Oct. 19 /PRNewswire/ -- Dayton Mining Corp. (Toronto: DD) is pleased to announce that it has closed its U.S. $15.0 million private placement of Special Warrants. Burns Fry Ltd. was the agent for the issue which was fully subscribed.
 Each Special Warrant entitles the holder to acquire U.S. $1,000 principal amount of 5 year 7 percent unsecured subordinated debentures which are convertible into 441 common shares of Dayton stock. The debentures will be qualified for distribution upon receipt of a final prospectus, and will be listed.
 The company is focused on the development of its 100 percent owned Andacollo Gold Project, located in central Chile. The project is ready to commence construction subject to the completion of project financing. A drill program will begin immediately which is expected to significantly increase the current mineable reserves of 1.1 million ounces of gold.
 Dayton Mining Corp. trades on the Toronto Stock Exchange: symbol DD.
 -0- 10/19/93
 /CONTACT: Gil Atzmon, VP, Investor Relations, 604-662-8383/
 (DD.)


CO: Dayton Mining Corp. ST: British Columbia IN: MNG SU:

JB -- LA023 -- 3970 10/19/93 12:14 EDT
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Publication:PR Newswire
Date:Oct 19, 1993
Words:190
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