Source: DLP Resources Inc.
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  • DLP Resources (DLP) has announced a non-brokered private placement for gross proceeds of up to $1,000,000
  • DLP will issue up to 3,703,704 units at a price of $0.27 per unit
  • Net proceeds will be used primarily for funding the company’s projects in Peru
  • DLP Resources Inc. is a mineral exploration company operating in B.C. and Peru
  • DLP Resources Inc. (DLP) is up 5.88 per cent on the day, last trading at C$0.27 per share at 9:30 am ET

DLP Resources (DLP) has announced a non-brokered private placement for gross proceeds of up to $1,000,000.

Under the offering, DLP will issue up to 3,703,704 units at a price of $0.27 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a period of two years.

Warrants are subject to an acceleration clause.

The company expects to pay finder’s fees consisting of a cash commission of seven per cent of the gross proceeds raised from investors introduced to the company and non-transferable common share purchase warrants.

Net proceeds will be used for funding the Peru projects and general office and administration requirements. Drilling at the Aurora copper-molybdenum project in SE Peru is expected to resume in the next two weeks.

All securities issued will be subject to a statutory four-month hold period.

DLP Resources Inc. is a mineral exploration company operating in B.C. and Peru. 

DLP Resources Inc. (DLP) is up 5.88 per cent on the day, last trading at C$0.27 per share at 9:30 am ET.


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