DLP Resources Announces Proposed Shares for Services Transaction
DLP Resources Announces Proposed Shares for Services Transaction
Cranbrook, British Columbia, (Newsfile Corp. – November 26, 2021) DLP Resources Inc. (the “Company”)
(TSXV:DLP) (OTCQB:DLPRF) is pleased to announce th e Company has entered into an agreement for
services dated November 25, 2021 (the “ Agreement”) with Ian Gendall, who is President of the Company
and a Non-Arm’s Length Party (as defined under the policies of the TSX Venture Exchange). Pursuant to the
Agreement, in full satisfaction for certain exploration, supervisory and geological related services provided
to the Company, the Company has agreed to issue 300,000 common shares of the Company (the “Shares”)
at a deemed price of $0.20 per Share, being equal to the closing price of the common shares of the Company
on the date prior to the date of the Agreement. The total dollar value of the Shares to be issued is $60,000.
The issuance of the Shares is subject to the approval of the TSX Venture Exchange. The Shares will be subject
to a statutory four-month hold period in accordance with applicable securities laws.
About DLP Resources Inc.
DLP Resources Inc. is a mineral exploration company operating in Southeastern British Columbia and
Peru, exploring for Base Metals and Cobalt. DLP is listed on the TSX-V, trading symbol DLP and on the
OTCQB, trading symbol DLPRF. Please refer to our web site www.dlpresourcesinc.com for additional
information.
FOR FURTHER INFORMATION PLEASE CONTACT:
DLP RESOURCES INC.
Ian Gendall, President
Jim Stypula, Chief Executive Officer
Robin Sudo, Chief Financial Officer and Corporate Secretary
Telephone: 250-426-7808
Email: [email protected]
Email: [email protected]
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Vent ure Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward -looking
information within the me aning of applicable Canadian securities laws. Forward -looking statements
relate to future events or future performance and reflect the expectations or beliefs of management of
the Company regarding future events. Generally, forward -looking statements and information can be
identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of
such words and phrases or statements that certain actions, events or results “may”, “could”, “should”,
“would” or “occur”. This info rmation and these statements, referred to herein as "forward‐looking
statements", are not historical facts, are made as of the date of this news release and include without
limitation, statements regarding discussions of future plans, estimates and forecas ts and statements
as to management's expectations and intentions with respect to, among other things , the issuance of
the Shares pursuant to the Agreement.
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These forward‐looking statements involve numerous risks and uncertainties and actual results might
differ materially from results suggested in any forward -looking statements. These risks and
uncertainties include, among other things, delays in obtaining or failure to obtain required regulatory
approvals for the Agreement and the issuance of the Shares.
In making the forward looking statements in this news release, the Company has applied several
material assumptions, including , without limitation, that the Company will obtain the required
regulatory approvals for the Agreement and the issuance of the Shares.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward -looking statements or forward -
looking information, there may be other factors that cause results not to be as anticipated, estimated
or intended. There can be no assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward -looking statements and forward -looking
information. Readers are cautioned that reliance on such information may not be appropriate for other
purposes. The Company does not undertake to update any forward-looking statement, forward-looking
information or financial out-look that are incorporated by reference herein, except in accordance with
applicable securities laws. We seek safe harbor.