Source: DLP Resources Inc.
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  • DLP Resources (DLP) now intends to complete an offering of flow-through units for gross proceeds of $500,000
  • The company will issue up to 2,000,000 flow-through units priced at $0.25 per unit
  • Proceeds will be used for drilling on its Moby Dick and NZOU projects
  • DLP Resources Inc. is a Canadian based mineral exploration company
  • DLP Resources Inc. (DLP) is unchanged, trading at C$0.20 per share at 2:40 pm EST

DLP Resources (DLP) intends to complete an offering of up to 2,000,000 FT units for gross proceeds of $500,000.

Each FT unit, priced at $0.25, will include one flow-through share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of $0.40 for a period of 2 years from the date of issuance.

DLP intends to pay finder’s fees in the form of a cash commission and non-transferable common share purchase warrants equal to 7 per cent of the units issued. 

Proceeds will be used for drilling on its Moby Dick and NZOU projects.

DLP Resources Inc. is a Canadian-based mineral exploration company exploring for base metals and cobalt.

DLP Resources Inc. (DLP) is unchanged, trading at C$0.20 per share at 2:40 pm EST.

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