MONTREAL, Nov. 20, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Dinatrum/Alumifuel Power Corporation ("Dinatrum" or the "Company") (AFPW:OTC) - Mr. Pedro Villagran-Garcia, President & CEO, is pleased to announce that the company has arranged a staged non-brokered private placement of up to 500.0 million shares at a price that remains to be specified because it is currently under negotiation.
The proceeds of the offering will be used to fund development of the company’s Sonora projects, within our Pristine Beach within the “Las Perlas” development in Rocky Point, Mexico and for working capital.
The financing is subject to regulatory approval, including payment of any finder’s fees.
The Company’s name change, and new trading symbol will be effective in the over-the-counter markets when FINRA has completed its review of the Company’s application for the name change.
DINATRUM, INC./ALUMIFUEL POWER CORPORATION
DINATRUM is a Real Estate Investment Trust with projects within North America.
On behalf of the Board,
“Pedro Villagran-Garcia”
Pedro Villagran-Garcia, President & CEO
Dinatrum
For further information, please contact the company at 1-971-285-4570 or by email at info@dinatrum.com
Forward Looking Statements
Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, are forward-looking statements. The words "believe," "expect," "will," "anticipate," "contemplate," "target," "plan," "continue," "budget," "may," "intend," "estimate," "project" and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to its plans or operations. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the SEC which can be found at www.sec.gov. There may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.