Dios Exploration plans up to $600K private placement to fund Quebec gold drilling
Dios Exploration is seeking up to $600,005 through a non-brokered private placement to fund gold drilling in Quebec, according to a Newsfile Corp. release.
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what happened
Dios Exploration Inc. has announced a non-brokered private placement of up to $600,005 at $0.035 per unit. The offering could result in the issue of as many as 17,143,000 flow-through common shares.
Each share comes with a half-warrant, and a full warrant allows the holder to buy one Dios share at $0.05 for two years. The proceeds will go to diamond drilling on the Heberto-Gold extension of the wholly owned Au33 property in James Bay, Quebec.
According to Newsfile Corp., earlier work on the property returned 4.79 g/t gold over 8.65 m and 2.13 g/t gold over 22.9 m. The company says the Heberto-Gold system remains open along strike.
why it matters
This is a small exploration financing, so its direct effect on gold prices and on large producers is limited. For existing shareholders, the main consideration is dilution if the placement is completed at the stated size.
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- Dios Private Placement — newsfilecorp.com, 21 October 2026 at 00:01 UTC
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