New Issue: Duluth Metals prices C$14.91 million private placement of common stock

By Devika Patel

Knoxville, Tenn., Jan. 28 - Duluth Metals Ltd. said it will raise C$14.91 million in a private placement of stock.

The company will sell 7,456,420 common shares at C$2.00 apiece to Wallbridge Mining Co.

Duluth is a metals exploration company based in Toronto.

Issuer:	Duluth Metals Ltd.
Issue:	Common shares
Amount:	C$14,912,840
Shares:	7,456,420
Price:	C$2.00
Warrants:	No
Investor:	Wallbridge Mining Co.
Pricing date:	Jan. 28
Stock symbol:	Toronto: DM
Stock price:	C$2.80 at close Jan. 28
Market capitalization:	C$227 million

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