advanced stage mineral exploration
Bulk-mineable underground copper-nickel-PGM deposit - Nokomis Deposit, Minnesota
AGORACOM NEWS FLASH
Dear Agoracom Family,
I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.
As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.
To this end:
1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.
2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.
Sincerely,
George et al
Message: Duluth Metals Announces that it Will not Proceed with DEL IPO
Press Release: Duluth Metals Limited
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TORONTO, March 21, 2013 /PRNewswire/ --
Duluth Metals Limited ("Duluth Metals") (DM.TO) (DM-U.TO) today announced that its Board of Directors has decided not to proceed with an IPO financing for its wholly-owned subsidiary Duluth Exploration Limited ("DEL") in view of current market and IPO conditions. As a result the DEL Special Warrants distributed in August 2011 to the shareholders of Duluth Metals as a dividend in kind will expire on July 31, 2013 and DEL will continue to be a wholly-owned subsidiary of Duluth Metals. In addition, effective today the Board has cancelled all Management and Director options related to DEL which otherwise would have vested upon the liquidity event.
About Duluth Metals Limited
Duluth Metals Limited is committed to acquiring, exploring and developing copper, nickel and platinum group metal (PGM) deposits. Duluth Metals has a joint venture with Antofagasta plc on the Twin Metals Project, located within the rapidly emerging Duluth Complex mining camp in north-eastern Minnesota. The Duluth Complex hosts one of the world's largest undeveloped repositories of copper, nickel and PGMs, including the world's third largest accumulation of nickel sulphides, and one of the world's largest accumulations of polymetallic copper and platinum group metals. Aside from the joint venture, Duluth Metals retains a 100% position on approximately 40,000 acres of mineral interests on exploration properties adjacent to or nearby the Twin Metals Minnesota LLC joint venture.
For further information:
Mara Strazdins
Vice President Investor Relations and Corporate Communications
Telephone: (416) 369-1500 ext. 222
Email: [email protected]
Vern Baker
President
Telephone: (651) 389-9990
Email: [email protected]
Webpage: http://www.duluthmetals.com
(DM. DM.U.)
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