Dunnedin Ventures Inc.  recently announced that it had raised an amount of    $ 1,119,031 through a combination of warrant exercise and flow-through financing.

“Through a warrant acceleration programme  announced in November 2016, as well as receipt of other exercised common share purchase warrants, the Company has received gross proceeds of  $ 734,031 and has issued 7,343,307 common shares,” Dunnedin said when making the announcement. “All accelerated  $ 0.10 warrants were exercised by warrant holders.”

The Company also   closed flow-through financing worth $ 385,000 on December 30, 2016. “The Company issued 1,750,000 flow-through common shares in its capital stock at a price of   $ 0.22 per flow-through share,” Dunnedin said. “Proceeds from the flow-through offering will be used to finance qualified Canadian exploration expenditures (CEE) work primarily related to the Company's Kahuna project in Nunavut.”

As part of the fund raising exercise, the Company   paid fees of $ 30,800 and issued 140,000 warrants “to finders who introduced subscribers to the Company”. The Company said, “Each warrant is exercisable to acquire one non-flow-through share at a price of $0.22 per share for a period of thirty-six months. All securities issued in connection with the placement are subject to a four-month-and-one-day statutory hold period”.

Chris Taylor, Dunnedin's CEO commented: "Dunnedin is entering 2017 strongly positioned to benefit shareholders through ongoing exploration at the Kahuna project. We are currently working with management and counsel to determine the mechanics and timing of the previously announced spinout of our gold and copper assets, and will update shareholders as information becomes available. Review of our recently purchased Kahuna project data set is also underway and results will be released as analyses are completed."