Duncan Park Holdings Corporation Announces Closing of Second Tranche of Non-Brokered Private Placement

Toronto, Ontario - (Newsfile Corp. –June 1, 2020) – Duncan Park Holdings Corporation (OTC Pink: DCNPF) (the “Company” or “Duncan Park”) announces it completed the second tranche of a non-brokered private placement on June 1, 2020 (the “Closing Date”) for gross proceeds of $2,231,500 through the issuance of 22,315,000 common shares (each, a “Common Share”) at a price of $0.10 per Common Share (the “Offering”).

The proceeds of the Offering will be used to develop the Company’s business and for general working capital purposes. All securities issued in connection with the Offering are subject to a hold period of four months plus a day from the Closing Date and the resale rules of applicable securities legislation.

Eligible finders were paid 8% cash plus a number of broker warrants (“Broker Warrants”) equal to 8% of the number of Common Shares sold by the finder in the Offering. The Broker Warrants have an exercise price of $0.10 per Common Share and are exercisable for a period of 24 months from the Closing Date.

The Company has made an application to list its Common Shares on the Canadian Securities Exchange but at this time it is not possible to confirm if or when such listing will occur. The Company will provide further updates with respect to the potential listing as they become available.