- 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.