New Issue: Douglas Lake wraps $1.48 million private placement of stock

By Sheri Kasprzak

New York, Jan. 31 - Douglas Lake Minerals Inc. completed a private placement of stock for $1,484,193.

The company sold 2,120,277 shares at $0.70 each to both domestic and foreign investors.

The offering was not brokered.

Douglas Lake, based in Vancouver, B.C., is a gold and diamond exploration company.

Issuer:	Douglas Lake Minerals Inc.
Issue:	Stock
Amount:	$1,484,193
Shares:	2,120,277
Price:	$0.70
Warrants:	No
Placement agent:	Non-brokered
Settlement date:	Jan. 23
Stock symbol:	OTCBB: DLKM
Stock price:	$1.25 at close Jan. 23

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