- DLP Resources (DLP) is upsizing its previously announced non-brokered private placement for gross proceeds of up to $1,405,030
- The company intends to issue up to 5,203,814 units at $0.27 per unit
- Each unit consists of one common share and one common share purchase warrant
- DLP Resources is a mineral exploration company operating in Southeastern British Columbia and Peru
- DLP Resources Inc. (DLP) is down 1.70 per cent, trading at C$0.29 per share at 3:38 pm ET
DLP Resources (DLP) is upsizing its previously announced non-brokered private placement for gross proceeds of up to $1,405,030.
The company intends to issue up to 5,203,814 units at $0.27 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $0.40 per warrant share for a period of two years from the date of issue.
Warrants are subject to an acceleration clause.
The private placement will be available to subscribers pursuant to the accredited investor and friends, family and business associate exemptions and to existing shareholders of the company.
The company expects to pay finder’s fees consisting of a seven per cent cash commission and non-transferable common share purchase warrants.
DLP Resources will use the proceeds for funding the Peru projects and general office and administration requirements.
All securities issued will be subject to a statutory four-month hold period.
DLP Resources is a mineral exploration company operating in Southeastern British Columbia and Peru.
DLP Resources Inc. (DLP) is down 1.70 per cent, trading at C$0.29 per share at 3:38 pm ET.