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Provider: Reuters Investment Profile

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Delrand Resources Ltd Announces Private Placement Financing

Tuesday, 9 Apr 2013 03:42pm EDT 

Delrand Resources Ltd announced that it proposes to carry out a non-brokered private placement of up to 6,000,000 units of the Company at a price of CAD0.045 per unit for proceeds to the Company of up to CAD270,000. Each such unit is to be comprised of one common share of the Company and one warrant of the Company, with each such warrant entitling the holder to purchase one common share of the Company at a price of CAD0.06 for a period of three years. Closing of this financing (the Financing) is subject to receipt of all necessary approvals, including the approval of the Toronto Stock Exchange. The Company intends to use the proceeds from the Financing for general corporate purposes. Subscribers under the Financing are expected to include directors of the Company. 

Company Quote

-0.01 -1.41%
6 Oct 2014