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DGS Minerals looks toward exit from mining

DGS Minerals Inc.said April 12 that it plans to switch its business to a live theatrical productionand management company with the acquisition of Dragon Legend Entertainment Inc.

The company entered an asset purchase agreement to wholly acquireDragon Legend for 120.0 million shares for a total value of C$6.0 million.

DGS also intends to carry out a nonbrokered private placementof up to 10.0 million units at 15 Canadian cents apiece to raise up to C$1.5 million.