Congratulations to Darnley Bay Resources

Posted by .(JavaScript must be enabled to view this email address) on 02/11/2010
Posted under Business Law
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Congratulations to Darnley Bay Resources Limited (http://www.darnleybay.com) for completing its $5,000,000 private placement on December 29, 2009.  The company was formed in 1993 to explore and develop an area of geophysical significance in the Northwest Territories of Canada. Initial base metal exploration fortuitously resulted in the discovery of diamonds, indicating that the area is host to both metallic and non-metallic mineral deposit interests. The Company’s objectives are to secure and maintain successful financing partnerships to continue exploration for base metals, gold and diamonds that will result in the development of a profitable mining venture.

I was pleased to act as counsel to Darnley Bay on the closing of its recent private placement and am proud that our firm has acted for the company since its inception.