VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2010) - The Board of Directors of Dajin Resources Corp. ("Dajin") (TSX VENTURE:DJI) is pleased to report an Advisory Agreement (the "Agreement") has been entered into with Byron Capital Markets ("Byron"). Under the terms of the Agreement, Byron will provide various advisory services including introducing Dajin to capital market participants and other strategic investors; providing strategic advice to maximize shareholder value; assisting with advice on Dajin's strategic external growth initiatives including mergers, acquisitions and joint ventures; and making introductions and structuring relationships with strategic business partners. The engagement will initially focus on a strategic review of Dajin's interests in the 20,000 hectares boron, lithium, potash Palar project with a view to identifying possible joint venture partners and/or financing opportunities. Pursuant to the terms of the Agreement Byron will act as a nonexclusive advisor for an initial period of four months. Dajin will pay an advisory fee of $5,000 per month and a success fee equal to 3% of the value of any transaction successfully completed. The Agreement may be terminated by either party upon 30 days written notice.
Brian Findlay, Dajin's President & CEO, stated, "Byron Capital Markets is recognized as a leader in the financing and advisory of companies in the lithium and rare earth industries. We at Dajin are excited about teaming up with Byron at a time when we are actively exploring our boron, lithium and potash projects in northwestern Argentina."
About Byron Capital Markets:
Byron Capital Markets, a division of Byron Securities Limited, is a Toronto-based institutional investment dealer focused on small and mid market capitalization companies primarily in the energy and mining sectors. Byron is a member of the Industry Organization of Canada (IIROC) and provides companies with a full range of investment banking and advisory services to assist them through their various stages of development and growth.
Dajin holds a 100% interest in boron/potash/lithium concessions in the provinces of Salta and Jujuy in the heart of the "lithium triangle" in northwestern Argentina. The principal properties are in the Salar de Salinas Grandes and Guyatayoc salt lake basin and cover approximately 83,000 hectares or 200,500 acres. The drilling of the first hole of a six well drill program is currently underway in the northern block of the Salinas Grandes/Guyatayoc salar.The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.