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To: Rocket Red who wrote (147950)	3/11/2009 9:03:03 AM
From: Veteran98	Read Replies (1) of 313013

Dorato-DRI arranges $5-million equity financing 2009-03-11 08:52 EST - News Release Mr. Keith Henderson reports DORATO ANNOUNCES $5.0MM PRIVATE PLACEMENT Dorato Resources Inc. has negotiated a private placement with Canaccord Capital Corp. of up to 10 million units at a price of 50 cents per unit for gross proceeds of up to $5-million. The company has also granted the agent an option to solicit an additional two million units to raise additional gross proceeds of up to $1-million exercisable 48 hours prior to closing. Each unit shall consist of one common share in the company and one-half of one common share purchase warrant of the company, exercisable for a period of 24 months from closing. Each whole warrant shall be exercisable into one common share of the company at a price of 65 cents per share. If over a period of 20 consecutive trading days after the period which is four months and a day after the issuance of the warrants, the volume-weighted average closing price of the company's common shares on the TSX Venture Exchange exceeds $2.00, the company may provide, in writing, notice to each of the holders of such warrants, within 30 days of such occurrence, that the warrants will expire on the 30th day following such notice. Franco-Nevada Corp. and the company have agreed in principle that Franco-Nevada will subscribe to two million units in the private placement, subject to completion of mutually agreeable documentation of the agreement. The company intends to use the net proceeds from the offering for exploration of its mineral properties and for general working capital purposes. The offering is subject to regulatory approval and all securities issued in conjunction with the offering will be subject to a four-month hold period following closing. We seek Safe Harbor.

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