News Releases

Dakar Announces $5 Million Unit Private Placement and Kansas Oil Acquisition
December 18, 2013

  VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 18, 2013) – NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Mr. Allen Wilson, President and CEO of Dakar Resource Corp. (TSX VENTURE:DKR) (“Dakar” or the “Company”) announces that the Company has entered into letters of intent (“the LOIs”) to acquire (the “Acquisition”) a 50% working interest in two oil lease packages located in Kansas (“the Kansas Properties”). The Properties comprise 2,588 acres with current production of 51 barrels of oil per day. Dakar is paying $2.475 million cash for its working interest in the Kansas Properties. Dakar will enter…

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Dakar Acquisition of Proteus Energy Lapses
December 17, 2013

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 17, 2013) – NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Mr. Allen Wilson, President and CEO of Dakar Resource Corp. (TSX VENTURE:DKR) (“Dakar” or the “Company”) announces that the Company will not be proceeding with its proposed acquisition of Proteus Energy Corporation (“Proteus”). The Proteus acquisition and a concurrent financing through Haywood Securities Inc and Emerson Equity LLC were initially announced November 6, 2012. Dakar’s common shares were halted on the TSX-V November 1, 2012 preceding the Company’s announcement of the Proteus Acquisition. Despite receiving conditional approval of the Proteus…

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Dakar Relinquishes Option on NAP Property, Kamloops B.C.-Focus Remains on Acquisition of Proteus Energy
January 29, 2013

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 29, 2013) – NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Mr. Allen Wilson, President and CEO of Dakar Resource Corp. (“Dakar” or the “Company”) (TSX VENTURE:DKR) announces that the Company has relinquished its option to acquire the NAP copper-gold-silver-zinc exploration property, located 40 kilometers south of Kamloops B.C. The Company’s phase two exploration program results on the NAP property were announced on November 29, 2012. Dakar remains focused on completing its acquisition of Proteus Energy Corporation (“Proteus”). The Proteus acquisition and concurrent financing (the “Transaction”) was initially announced November 6,…

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Dakar Signs Definitive Agreement to Acquire Proteus Energy
December 20, 2012

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 20, 2012) – NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Dakar Resource Corp. (“Dakar”) (TSX VENTURE:DKR) announces that it has signed a definitive share purchase agreement dated December 18, 2012 to acquire all the issued and outstanding share capital of Proteus Energy Corporation (“Proteus”), a private company incorporated in Delaware with oil and gas assets located in California, by way of a reverse takeover (the “Transaction”). The Transaction was initially announced by Dakar on November 6, 2012. Dakar’s shares have been halted pending completion of the Transaction. The Transaction Dakar…

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Dakar Reports Phase 2 Drill Results-NAP Property, Kamloops B.C.
November 29, 2012

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 29, 2012) – Mr. Allen Wilson, President and CEO of Dakar Resource Corp. (“Dakar” or the “Company”) (TSX VENTURE:DKR) reports that the Company has received results from a second phase drilling program at its NAP copper-gold-silver-zinc exploration property, located 40 kilometers south of Kamloops B.C. The program targeted several intersecting and subparallel near surface Induced Polarization (“IP”) anomalies. A total of four diamond drill holes totaling 875 meters were targeted to intersect the central portion of potential bulk tonnage copper-gold-zinc mineralization on the NAP property. Results included near surface intersections of 0.16% copper and 74 ppb…

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Dakar Signs Letter of Intent to Acquire Proteus Energy and Engages Haywood Securities and Emerson Equity as Agents for a Subscription Receipt Financing of a Minimum of $4,000,000
November 6, 2012

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 6, 2012) – NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Dakar Resource Corp. (“Dakar”) (TSX VENTURE:DKR) announces that it has entered into a letter agreement dated November 2, 2012 to acquire all the issued and outstanding share capital of Proteus Energy Corporation (“Proteus”), a private company incorporated in Delaware with oil and gas assets located in California, by way of a reverse takeover (the “Transaction”). The Transaction Dakar will issue to the shareholders of Proteus 5.9 common shares of Dakar for each one Proteus common share and each one Proteus…

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Dakar Resource Corp. Completes Phase 2 Drill Program on NAP Claims and Extends Option Payment Date
October 24, 2012

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 24, 2012) – Mr. Allen Wilson, President and CEO of Dakar Resource Corp. (“Dakar”) (TSX VENTURE:DKR), reports that a second phase drill program has been completed on its NAP copper-gold-silver-zinc exploration property 40 Km south of Kamloops B.C. The program targeted several intersecting and subparallel near surface IP anomalies. Management is assessing the program exploration results and a final report on the program from Dakar’s geological consultant is expected in the next 60 days. Dakar expects to announce detailed results of the program following receipt of the consultant’s report. Dakar has paid the NAP property optionor…

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Dakar Resource Corp. Announces Commencement of Phase 2 Drill Program on NAP Claims
August 15, 2012

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 15, 2012) – Mr. Allen Wilson, President and CEO of Dakar Resource Corp. (“Dakar”) (TSX VENTURE:DKR) reports that the second phase drill program has begun on its NAP copper-gold-silver-zinc exploration property 40 Km south of Kamloops B.C. Dakar is targeting several intersecting and subparallel near surface IP anomalies. The targets also host copper-gold-silver mineralized rock, trench and soil samples extending over a 1,000 by 300 metre east trending area. All zones are open to the east, south, west and to depth. The first hole, N12-001 is located 200 metres west of hole N11-001. Hole N11-001 intersected…

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Dakar Resource Corp. Announces Closing of Initial Public Offering
May 31, 2012

VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 31, 2012) – Dakar Resource Corp. (TSX VENTURE:DKR) – NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. Dakar Resource Corp. (the “Corporation” or “Dakar”) is pleased to announce that it has successfully completed its initial public offering (the “Offering”) of 3,000,000 common shares (the “Common Shares”) at a price of $0.25 per Common Share for gross proceeds of $750,000 through Haywood Securities Inc. (“Haywood”), as agent. In connection with the Offering, the Corporation granted non-transferrable warrants to Haywood to…

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