Into the United States. Mg Capital Corporation Files Filing Statement and Technical Report FOR Qualifying Transaction
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MG CAPITAL CORPORATION FILES FILING STATEMENT AND TECHNICAL REPORT
FOR QUALIFYING TRANSACTION
Calgary, Alberta, November 4 , 2019 – MG Capital Corporation (TSXV: MGX.P) (“MG” or the
“Corporation”) is pleased to announce that it filed its filing statement dated effective October 31, 2019 (the
“Filing Statement”) in connection with its proposed business combination with DLP Resources Inc. (“DLP”)
which will result in a reverse take-over of MG by the shareholders of DLP and which will constitute MG’s
Qualifying Transaction, as defined under TSX Venture Exchange Policy 2.4 – Capital Pool Companies (the
“Transaction”). In due course, the parties to the Transaction will issue a further comprehensive press release
announcing the closing of the Transaction and the date on which the common shares of the Corporation will
resume trading.
Assuming all conditions for closing are satisfied, the Corporation and DLP expect to close the Transaction on or
about November 14, 2019.
DLP is a natural resource company formed under the laws of the Province of British Columbia on June 7, 2019.
DLP’s principal business activity is in the ownership and management of mining assets in British Columbia,
Canada. It owns 100% of an exploration-stage property located northeast of Golden B.C., which is prospective
for copper and cobalt. DLP also owns a 100% interest in other exploration-stage properties of merit located in
the Cranbrook-Creston corridor, which are of interest due to their lead, zinc and silver potential (collectively,
the “Aldridge Properties”).
A technical report titled “Technical Report – Geology and Mineral Exploration – JR and RJ Properties –
Southeast British Columbia” and dated effective August 1, 2019 prepared in accordance with NI 43-101 –
Standards of Disclosure for Mineral Projects (“NI 43-101”) and the policies of the TSX Venture Exchange (the
“TSXV”), has been prepared for the Aldridge Properties (the “Technical Report”) and was filed under the
Corporation’s SEDAR profile in conjunction with the filing of the Filing Statement.
For further information, please refer to the Filing Statement and the Technical Report on SEDAR at
www.sedar.com, as well as the press releases of the Corporation dated September 26, 2019 and July 29, 2019.
Contact Information
MG Capital Corporation
Peter McKeown
President, Chief Executive Officer, Chief Financial Officer, and Corporate Secretary
1-403-689-4052
Additional Information
In accordance with the policies of the TSXV, the Corporation’s shares are currently halted from trading and will
remain so until such time as determined by the TSXV which, depending on the policies of the TSXV, may not
occur until the completion of the Transaction.
Completion of the Transaction is subject to a number of conditions including but not limited to TSXV
acceptance. There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the Filing Statement, any information released or received
with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the
securities of a capital pool company should be considered highly speculative.
The TSXV has in no way passed upon the merits of the proposed Transaction and has neither approved nor
disapproved the contents of this press release.
Cautionary Statements
Although the Corporation believes, in light of the experience of its officers and directors, current conditions and
expected future developments and other factors that have been considered appropriate that the expectations
reflected in this forward-looking information are reasonable, undue reliance should not be placed on them
because the Corporation can give no assurance that they will prove to be correct. When used in this press release,
the words “estimate”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “will”, “may” or “should” and
the negative of these words or such variations thereon or comparable terminology are intended to identify
forward-looking statements and information. The forward-looking statements and information in this press
release include information relating to the Transaction, including TSXV approval, closing of the Transaction
and the resumption of trading in the common shares of the Corporation. Such statements and information reflect
the current views of MG and/or DLP, respectively. Risks and uncertainties may cause actual results to differ
materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors
which may cause actual results, performance or achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the following risks: (i) there is no assurance that MG and DLP will obtain
all requisite approvals for the Transaction; (ii) following completion of the Transaction, the Corporation may
require additional financing from time to time in order to continue its operations and financing may not be
available when needed or on terms and conditions acceptable to the Corporation; (iii) new laws or regulations
could adversely affect the Corporation’s business and results of operations; and (iv) the stock markets have
experienced volatility that often has been unrelated to the performance of companies. These fluctuations may
adversely affect the price of the Corporation’s securities, regardless of its operating performance. There are a
number of important factors that could cause MG’s and DLP’s actual results to differ materially from those
indicated or implied by forward-looking statements and information. Such factors include, among others:
currency fluctuations; limited business history of MG and/or DLP; disruptions or changes in the credit or security
markets; results of operation activities and development of projects; project cost overruns or unanticipated costs
and expenses; and general market and industry conditions. The Corporation undertakes no obligation to comment
on analyses, expectations or statements made by third parties in respect of the Corporation, DLP, their securities,
or their respective financial or operating results (as applicable).
MG cautions that the foregoing list of material factors is not exhaustive. When relying on MG’s forward-looking
statements and information to make decisions, investors and others should carefully consider the foregoing
factors and other uncertainties and potential events. MG has assumed that the material factors referred to in the
previous paragraph will not cause such forward-looking statements and information to differ materially from
actual results or events. However, the list of these factors is not exhaustive and is subject to change and there
can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-
looking information contained in this press release represents the expectations of MG as of the date of this press
release and, accordingly, is subject to change after such date. Readers should not place undue importance on
forward-looking information and should not rely upon this information as of any other date. MG does not
undertake to update this information at any particular time except as required in accordance with applicable laws.
This press release is not an offer of the securities for sale in the United States. The securities have not been
registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States
absent registration or an exemption from registration. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer,
solicitation or sale would be unlawful.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.