Dynaresource, Inc. announced that it has received $2.90 million in funding.
January 08, 2013 at 11:00 pm EST
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Dynaresource, Inc. (OTCBB:DYNR) announced a private placement of 138,670 common shares at $4 per share and 469,650 common shares at $5 per share for gross proceeds of $2,902,930 on January 9, 2013. The company also issued 939,300 warrants to purchasers of which; 469,650 warrants are exercisable at a price of $5 per share on or before December 31, 2014, and 469,650 warrants are exercisable at a price of $7.50 per share on or before December 31, 2015. The deal saw participation from existing investors.
On January 9, 2013, Dynaresource, Inc. closed the transaction.
DynaResource, Inc. is a minerals investment, management, and exploration company. The Company is engaged in the business of acquiring, investing in, and developing precious metal properties, and the production of precious metals. The Company has one wholly owned subsidiary in the United States, DynaMexico US Holding, LLC (US Holding) and three wholly owned subsidiaries in Mexico, DynaResource de Mexico, S.A. de C.V. (DynaMexico), Mineras de DynaResource S.A. de C.V. (DynaMineras), and DynaResource Operaciones de San Jose De Gracia S.A. de C.V. (DynaOperaciones). DynaMexico owns a portfolio of mining concessions that comprises its 100% interest in the San Jose de Gracia Project (SJG) in northern Sinaloa State, Mexico. It conducts test mining and pilot milling operations, and other exploration activities of the SJG, in Mexico. The SJG Project is located on map sheet G13-A81 in the Culiacan mining district of Sinaloa State, Mexico.
DYNARESOURCE, INC. 
