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DOT Resources Ltd. — Capital/Financing Update 2010
Mar 26, 2010
46128_rns_2010-03-26_34722ea1-75fb-4bdb-92ec-5ba9e45a64c6.pdf
Capital/Financing Update
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FORM 51-102F3 MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
DOT RESOURCES LTD .(the “Company”) #3A – 4015 1st Street S.E. Calgary, AB T2G 4X7
Item 2
Date of Material Change
March 26, 2010
Item 3 News Release
Issued March 26, 2010 and distributed through the facilities of Marketwire and SEDAR.
Item 4 Summary of Material Change
CALGARY, Alberta – DOT Resources Ltd. (TSX-V: DOT) (“DOT” or the “Corporation”) announces that further to its press release dated February 18, 2010, the Corporation has amended the terms of its private placement of up to 5,000,000 Units to be allocated between flow-through (FT Units) and non-flow-through (Non FT Units) units.
Item 5 Full Description of Material Change
See attached news release dated March 26, 2010.
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not Applicable
Item 7 Omitted Information
Not Applicable
Item 8
Executive Officer
The following executive officer of the Company is knowledgeable about the material change: Ihor P. Wasylkiw, Chief Information Officer of DOT. Telephone: (403) 264-2647
Item 9 Date of Report
DATED at Calgary, Alberta, this March 26, 2010.
Suite 3A, 4015 1st Street S.E. Calgary, Alberta, Canada T2G 4X7 Telephone: 403 264-2647 Fax: 403 228-2865
NEWS RELEASE March 26, 2010
DOT Announces Amendment to Proposed Financing
CALGARY , Alberta – DOT Resources Ltd. (TSX-V: DOT) (“DOT” or the “Corporation”) announces that further to its press release dated February 18, 2010, the Corporation has amended the terms of its private placement of up to 5,000,000 Units to be allocated between flow-through (FT Units) and non-flow-through (Non FT Units) units.
Accordingly, each FT Unit will now be priced at $0.20 per FT Unit (previously $0.225 per FT Unit) and each Non FT Unit will now be priced at $0.17 per Non FT Unit (previously $0.20 per Non FT Unit). All other terms of the private placement shall remain the same. Please see the February 18, 2010 press release for further information.
As previously disclosed, it is anticipated that insiders of the Corporation will participate in the private placement. The corporation expects that the private placement will be completed no later than April 5, 2010. The private placement remains subject to regulatory body approval.
ABOUT DOT
DOT is a Canadian corporation currently focused on the exploration and development of its copper property in central British Columbia. The Corporation is planning to assess future copper and coppergold properties for exploration and development opportunities throughout North and South America.
DOT shares trades on the TSX Venture exchange under the symbol DOT. The Corporation’s website can be accessed at www.dotresourcesltd.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
| Ihor P. Wasylkiw Chief Information Officer +1(403)264-2647 |
Donald D. McKechnie Chief Financial Officer +1 (403) 264-2647 |
|---|---|
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking statements" as such term is used in applicable Canadian and US securities laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, statements concerning the obtaining of regulatory body approval, the completion of the private placement, the subscribers to the private placement and other factors or events described in this news release should be reviewed as forward-looking statements to the extent they involve estimates thereof.
Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the inability to obtain regulatory body approvals; general market conditions and such other business risks as discussed herein and other publicly filed disclosure documents. Although the Corporation has attempted to identify important factors that could cause actual events or results to differ materially from those described in forward-looking statements, there may be factors that cause actions, events or results not to be as anticipated, estimated of intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements should these beliefs, estimates and opinions or other circumstances change, except as required by applicable law. Investors are cautioned that such forward-looking statements involve risks and uncertainties. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
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