New Issue: Dominion Minerals sells $10.05 million private placement of units

By Devika Patel

Knoxville, Tenn., July 14 - Dominion Minerals Corp. said it settled a private placement of units, raising $10.05 million.

The company sold 21,840,000 units at $0.46 each.

Each unit consists of one common share and one half-share warrant. Each whole warrant is exercisable at $0.46. Investors also received 3,283,000 warrants, exercisable at $0.50, for a total of 14,203,000 whole warrants.

The maturity date of the first series of warrants is 23 calendar days following the publication of a second independent resource statement for the company's Cerro Chorcha copper project to National Instrument 43-101 standard following this transaction. The second series of warrants are exercisable for six months after the first series of warrants have been fully exercised.

Proceeds will be used for the development of the Cerro Chorcha Porphyry Copper deposit, debt repayment, working capital and general corporate purposes.

Dominion Minerals, based in New York, acquires, explores, develops and operates mineral and natural resource properties and prospects.

Issuer:	Dominion Minerals Corp.
Issue:	Units of one common share and one half-share warrant, 3,283,000 additional warrants
Amount:	$10,046,400
Units:	21,840,000
Price:	$0.46
Warrants:	For 14,203,000 shares
Warrant strike price:	$0.46 (for 10,920,000 warrants), $0.50 (for 3,283,000 warrants)
Settlement date:	July 14
Stock symbol:	Pink Sheets: DMNM
Stock price:	$0.35 at close July 11

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