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Datinvest International Ltd. (TSX VENTURE:DAI.H) (the "Company") is pleased to announce that it has closed its non-brokered private placement announced on May 6, 2011 to raise gross proceeds of $500,000.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 18, 2011) -
NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Datinvest International Ltd. (TSX VENTURE:DAI.H) (the "Company") is pleased to announce that it has closed its non-brokered private placement announced on May 6, 2011 to raise gross proceeds of $500,000. Pursuant to the private placement, the Company issued 7,692,308 units ("Units") at a price of $0.065 per Unit, each Unit consisting of one common share (a "Share") and one share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional Share of the Company at a price of $0.10 per Share until May 17, 2012.
All securities are subject to a four month hold period expiring on September 18, 2011.
No finder's fee was paid with respect to this private placement and proceeds will be used for general working capital purposes.
Datinvest International Ltd.
Jason Birmingham, President and Director
FOR FURTHER INFORMATION PLEASE CONTACT: Datinvest International Ltd.; Jason Birmingham; President; 778-987-3203
Copyright CCNMatthews May 18, 2011