VANCOUVER, British Columbia, Dec. 06, 2017 (GLOBE NEWSWIRE) — Dajin Resources Corp. (“Dajin”) (TSX-V:DJI) (OTC:DJIFF) (GERMANY:C2U1) is pleased to announce that further to the press release dated November 8, 2017 Dajin has received $1,281,150 from the exercise of 9,855,000 share purchase warrants at $0.13 per share.
As an incentive for the early exercise of their share purchase warrants the warrant holders received an additional one-half of one share purchase warrant, with each whole warrant entitling the holder to purchase one additional share of Dajin on or before November 29, 2018 at a price of $0.17 per share.
Warrant holders holding 150,000 share purchase warrants that were repriced to $0.13 per share and were not exercised prior to November 29, 2017 are therefore not entitled to the additional warrant. These warrants will expire on April 20, 2018.
Dajin, is an early stage Lithium exploration company. Through its interest in Dajin Resources S.A. (“Dajin S.A.”), it holds concessions or concession applications in Jujuy Province, Argentina that were acquired in regions known to contain brines with Lithium, Potassium, and Boron values. These concessions exceed 93,000 hectares (230,000 acres) and are primarily located in the Salinas Grandes and Guayatayoc salt lake basins. Dajin S.A. is partnered with LSC Lithium Corporation (LSC) who has agreed to spend $2,000,000 to earn a 51% interest in Dajin S.A.’s Lithium properties while building a significant presence in Argentina. The Cooperativa San José recently received exploration permits for a portion of the land package now part of the earn-in agreement with LSC. Exploration of the 4,400 hectare (10,873 acres) San Jose – Navidad minas, will commence under the management of LSC, the operator of the earn-in agreement.
Dajin also holds a 100% interest in 403 placer claims covering 7,914 acres (3,202 hectares) in the Teels Marsh valley of Mineral County, Nevada. These claims are known to contain Lithium and Boron values and are adjacent to the birth place of US Borax Corp’s first borax mine. Dajin also holds a 100% interest in 191 placer claims covering 3,851 acres (1,558 hectares) in the Alkali Lake valley of Esmeralda County, Nevada, located 7 miles (11 kilometers) northeast of Albemarle’s Silver Peak Lithium brine operation in Clayton Valley.
ON BEHALF OF DAJIN’S BOARD OF DIRECTORS
President & CEO
For further information please contact:
Head of Corporate Development
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for the adequacy or accuracy of this release.