Ms. Marie-Jose Girard reports
DIOS CLOSES SECOND TRANCHE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT AND INCREASES PLACEMENT TO $650,000
Dios Exploration Inc. has closed a second tranche of $158,000 of its previously announced non-brokered private placement. Pursuant to this second closing, Dios issued 3.95 million flow-through units of Dios at a price of four cents per unit, such that, taking into account closing of first tranche, a total of 12.7 million units for $508,000 were issued under the two closings, each unit consisting of one flow-through common share of the capital of Dios and one-half warrant, one whole warrant entitling its holder thereof to subscribe for one common share of Dios at six cents per share for two years from date of issuance.
Dios has increased the whole placement to $650,000.
The use of gross proceeds focuses on mining exploration in Quebec, which is diamond drilling wholly owned Heberto-Gold discovery and extents on the road-accessible Au33 property, James Bay Eeyou Istchee.
The Heberto-Gold system is located within a five-by-eight-kilometre highly anomalous gold-in-outcrop, gold-in-till, gold-in-soil area, 50 kilometres south of the Eleonore world-class gold mine and 20 kilometres west of the Clearwater gold deposit, near Eastmain hydropower facilities.
Common shares and warrants issued pursuant to this second closing are subject to a restricted hold period of four months and one day, ending on Aug. 18, 2026, under applicable Canadian securities laws. The placement remains subject to final approval of the TSX Venture Exchange.
Marie-Jose Girard, MSc, PGeo, National Instrument 43-101 qualified person, has approved this news release.
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