Duluth Metals (TSX:DM) has extended the closing date for its previously announced private placement to October 31, 2014. The original closing date was October 21.

As quoted in the press release:

On October 8, 2014 the Company announced that Industrial Alliance Securities Inc. (“Industrial Alliance”) has undertaken to arrange a private placement of common shares (“Shares”) for gross proceeds of up to CDN $5 million (the “Offering”). The Offering is being made on a best efforts fully marketed private placement basis and the Shares will be priced in the context of the market. Completion of the Offering is subject to TSX approval. All securities issued by the Company in connection with this Offering will be subject to a statutory hold period of four months plus one day. Antofagasta Investment Company Limited, a wholly-owned subsidiary of Antofagasta plc, and Wallbridge Mining Company Limited have pre-emptive rights to participate in the Offering.

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