Source: DLP Resources Inc.
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  • DLP Resources (DLP) has closed its non-brokered private placement for gross proceeds of $780,000
  • The company issued 3,120,000 flow through units priced at $0.25 per FT 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) opened trading at C$0.20 per share

DLP Resources (DLP) has closed its previously announced non-brokered private placement for gross proceeds of $780,000.

The company issued 3,120,000 flow through units at a price of $0.25 per FT unit.

Each FT unit consists of one flow-through common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.40 for a period of two years.

The company issued 199,500 finder’s warrants and paid commissions of $49,875. 

The securities offered are subject to a four month hold period expiring on April 30, 2022.

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

Jim Stypula, CEO of DLP Resources commented on the financing.

“We are pleased to close this over-subscribed financing and we appreciate the support of both new and existing strategic investors, including Cordillera Minerals 2021 Flow-Through Limited Partnership.”

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

DLP Resources Inc. (DLP) opened trading at C$0.20 per share.

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