Business NewsMarketWire • Pat DiCapo Updates Ownership in Darnley Bay Resources Limited

Pat DiCapo Updates Ownership in Darnley Bay Resources Limited

Pat DiCapo Updates Ownership in Darnley Bay Resources Limited

TORONTO, ONTARIO--(Marketwired - Dec. 21, 2016) - Pat DiCapo (the "Acquiror") announces that on December 20, 2016, his ownership and the ownership by PowerOne Capital Markets Limited, a joint actor of the Acquiror (the "Joint Actor") of securities of Darnley Bay Resources Inc. ("Darnley Bay") has been updated as a consequence of a private placement transaction completed by Darnley Bay (the "Transaction"). In connection with the Transaction, the Joint Actor acquired 1,016,047 warrants ("Warrants") to purchase common shares (the "Shares") at a price of $0.20 per Share in consideration for acting as a finder, and the ownership of securities by the Acquiror, together with the Joint Actor, decreased below 10%.

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Pat DiCapo Updates Ownership in Darnley Bay Resources Limited