Ditem Explorations Inc. (TSXV:DIT) announced a brokered private placement of units at CAD 0.05 per unit for gross proceeds of CAD 1,000,000 on November 20, 2012. The company will issue 15,000,000 flow-through units for gross proceeds of CAD 750,000 and 5,000,000 units for gross proceeds of CAD 250,000. Each flow-through unit will consist of one flow-through common share and one warrant.

Each such warrant will entitle the holder to purchase one common share at CAD 0.10 per share for a period of 24 months from the date of issue. Each cash unit will consist of one common share and one warrant. Each such warrant will entitle the holder to purchase one common share at CAD 0.07 per share for first 12 months and at CAD 0.10 per share for the following 12 months.

MGI Securities will act as an agent. The company will pay a cash commission equal to 10% of the gross proceeds and issue warrants to purcase that number of shares equal to 10% of the aggregate number of units sold in this transaction. Each such warrant will be issued on the terms of warrants issued under flow-through units.

The securities issued will be subject to a four month hold period.