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FINWIRES

Dios Exploration Closes Second Financing Tranche; Expands Private Placement to $650,000

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Dios Exploration (DOS.V) on Friday closed the second tranche of a non-brokered private placement of flow-through share units, raising $158,000.

The company placed 3.95-million units in the tranche, with each priced at $0.04 each and made up of a tax-advantaged share and one half of a two-year warrant to buy a share for $0.06.

Including the first tranche, the company has now raised $508,000, selling 12.7-million units and expects the offering to raise a total $650,000.

The company said proceeds will be used for gold exploration in Quebec, including drilling at the Heberto-Gold discovery on its Au33 property in the James Bay region.

The company's shares last traded Thursday, closing at $0.035 on the TSX Venture Exchange.

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