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Dajin Resources to raise C$1.2M in private placement

Dajin ResourcesCorp. said April 12 that it plans to raise C$1.2 million in a privateplacement, issuing 10 million units at 12 cents apiece.

Each unit will consist of 1 common share and 1 share purchasewarrant, which will allow the holder to acquire 1 common share for 17 cents eachwithin a two-year window.

Proceeds from the placement will be put toward property explorationand development as well as working capital purposes.