Source: Delta Resources Ltd.
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  • Delta Resources (DLTA) has announced a non-brokered private placement financing to raise up to C$2,500,000
  • The company will issue common share units, national FT units and Quebec FT units
  • The net proceeds will be used primarily for drilling at the Delta-1 Gold property in Thunder Bay, Ontario
  • The company has 100 per cent ownership in the DELTA-1 Gold project
  • Delta Resources Limited (DLTA) opened trading at C$0.105

Delta Resources (DLTA) has announced a non-brokered private placement financing to raise up to C$2,500,000.

The company will issue common share units, national FT units and Quebec FT units.

Each common share will consist of one common share at $0.10 and one common share purchase warrant exercisable for up to 24 months from closing at $0.18.

Each national FT unit will consist of one common share at $0.13 and one-half of a common share purchase warrant exercisable for up to 24 months from closing at $0.25.

Each Quebec FT unit will consist of one common share at $0.14 and one-half of a common share purchase warrant exercisable for up to 24 months from closing at $0.25. All securities issued will be subject to a statutory four-month hold period.

The net proceeds will be used primarily for drilling at the Delta-1 Gold property in Thunder Bay, Ontario, as well as general working capital.

Delta Resources Limited is a Canadian mineral exploration company focused on the exploration of two high-potential gold and base-metal projects in Canada.

The company has 100 per cent ownership in the DELTA-1 Gold project in Thunder bay, Ontario, DELTA-2 Gold polymetallic project in Chibougamau, Quebec and the Bellechasse-Timmins Gold project located in southeastern Quebec.

Delta Resources Limited (DLTA) opened trading at C$0.105.


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