Donner = Noront?

DONNER METALS LTD ORD    
Donner Metals Ltd.: $3.2 Million Private Placement Closed
1/7/2008    
VANCOUVER, BRITISH COLUMBIA, Jan 7, 2008 (Marketwire via COMTEX News Network) --

Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M) announces the closing of its non-brokered private placement totalling $3,281,499. These funds were raised through the issue by the Company of 5,048,460 flow-through units at a price of $0.65 per unit. Each flow-through unit is comprised of one flow-through common share and one-half of one common share purchase warrant (the "Warrant"). Each whole share purchase Warrant entitles the holder to acquire one additional non flow-through common share of the Company until December 19, 2009, at a price of $0.90. However, if over a period of 20 consecutive trading days between the date that is 4 months following the closing date and the expiry of the Warrant, the daily close price of the common shares on the TSX-V exceeds $1.30 on each of those 20 consecutive days, the Company will give written notice to the holders of the Warrants that the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of notice unless exercised by the holders prior to such date.

The shares issued pursuant to the private placement, and any shares to be issued on exercise of the warrants are subject to a hold period expiring April 20, 2008.