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Deer Horn Capital (CSE:DHC) has announced a non-brokered private placement

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The company plans to raise up to $500,000 through the placement of up to 2,500,000 units at a price of $0.20 per unit. Each unit consists of one share and one warrant, with each warrant exercisable at $0.25 for 12 months.

Additional Information:

Company: Deer Horn Capital
Website: http://www.deerhorncapital.ca,
Stock Symbol: CSE: DHC
Date Published: Nov 2, 2018
Transcript: Available

Video Transcript:

I’m Erica James for Investmentpitch Media

Deer Horn Capital has announced a non-brokered private placement.

The company plans to raise up to $500,000 through the placement of up to 2,500,000 units at a price of $0.20 per unit.

Each unit consists of one share and one warrant, with each warrant exercisable at $0.25 for 12 months.

The shares are currently trading at $0.245.

Deer Horn’s flagship property, a gold-silver-tellurium deposit in west-central British Columbia, is located 135 kilometres southwest of the community of Burns Lake and 36 kilometres south of the Huckleberry mine.

The company has produced positive economics in a Preliminary Economic Analysis and, to management’s knowledge, hosts Canada’s only NI 43‐101 tellurium resource.

The PEA was calculated from only 450 metres of a 2.4 kilometre-long mineralized system that remains open to the west, east and down-dip.

The company recently signed a binding Letter of Intent with Colorado Klondike LLC to acquire a purchase option on the Colorado Klondike tellurium property.

The Colorado Klondike property, located in south-central Colorado, USA, is a tellurium prospect previously held by First Solar Inc. as a potential primary source of tellurium for the company’s cadmium-telluride solar panels.

The property is located 16 kilometers from the small town of Saguache and is easily accessible via paved and gravel roads.

Tyrone Docherty, President and CEO, stated: “We’re very happy to be expanding our tellurium property portfolio at a time when technology is discovering important new applications for the metal. It’s also important that Colorado Klondike gives us an asset that can be explored for most of the year.”

According to a 2017 “Critical Mineral Resources” report by the United States Geological Survey, Tellurium is a very rare element that averages only 3 parts per billion in Earth’s upper crust.

It is three times rarer than gold, comparable to the rarity of platinum and rarer than most “rare earth” metals.

For more information, please visit the company’s website at www.deerhorncapital.ca, contact Tyrone Docherty, President and CEO, at 604-789-5653 or email tyrone@deerhorncapital.ca.

I’m Erica James for Investmentpitch Media