Delta Announces the Exercise of Warrants and Drill Program Dlta:tsx/V Golhf:otcbb 6G01:FRANFURT
DELTA ANNOUNCES THE EXERCISE OF WARRANTS
AND DRILL PROGRAM
DLTA:TSX/V
GOLHF:OTCBB
6G01:FRANFURT
TheNewswire / November 7, 2019. Delta Resources Limited (“Delta” or the “Company”).
(DLTA:TSX/V) is pleased to announce its shareholders have exerc ised 2,630,000 warrants at a price of
$0.12 per share, with an expiry date of June 10, 2022 adding net proceeds of $315,600 to the Company’s
coffers.
The use of proceeds will be employed to accelerate the Company’s exploration program on its 2 recently
acquired and highly prospective properties in Ontario and Quebec.
Andre Tessier, President and CEO of Delta commented, "We are very grateful with the exercise of warrants
by our shareholders. With an expiry date of more th an 31 months away, we are extremely pleased in
receiving this amazing vote of confidence from our long-term shareholders.”
Delta currently has 3,570,000 warrants outstanding with an exercise price of $0.12 per share and with an
expiry date of June 10, 2022.
Drilling at Delta 1- Thunder Bay, Ontario
Delta is also pleased to announce that it has began its drill campaign at its recently acquired Delta 1
Property located 50km NW of Thunder Bay, Ontario st raddling the Trans Canada Highway. The first hole
has already been completed. The Company expects to drill 10 holes or approximately 1000 metres.
About Delta Resources Limited
Delta Resources Limited is a new Canadian mineral e xploration company born at the end of June 2019.
The Company is focused on growing shareholder value through the acquisition of high-potential gold and
base-metal projects in Canada, exploring these proj ects with state-of-the-art methods, and potentially
developing these projects into mines.
Delta owns a 100% interest in the Bellechasse-Timmi ns gold deposit in southeastern Quebec, Canada
which contains a 43-101 gold resource of 171,000 ou nces at an average grade of 1.83 g/t gold in the
indicated category and an additional 95,000 ounces at an average grade of 1.36 g/t gold in the inferre d
category (SGS Canada Inc., Bellechasse-Timmins Prop erty Resource Estimate, Southeastern Quebec,
August 1, 2012).
The Company’s focus is currently to build a strong portfolio of mineral exploration properties with a high
potential for economic discoveries in Canada while evaluating the long-term potential of its 100% owne d
Bellechasse-Timmins gold deposit in southeastern Quebec.
On October 3 rd , 2019, Delta announced the acquisition of the Eure ka Gold Discovery in the Thunder Bay
area where exploration will start shortly.
ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.
Andre C. Tessier
President, CEO and Director
www.deltaresources.ca
We seek safe harbor. Neither 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 release. The TSX Venture Exchange has not approved nor disapproved of the information contained
herein.
For Further Information:
Delta Resources Limited
Frank Candido, Chairman
Tel : 514-969-5530
or
Andre Tessier, President and CEO
Tel.: 613-328-1581
Cautionary Note Regarding Forward Looking Information
Some statements contained in this news release are "forward looking information" within the meaning of Canadian
securities laws. Forward looking information include, but are not limited to, statements regarding the use of proceeds
of the non-brokered private placement and payment o f the debt settlements. Generally, forward-looking information
can be identified by the use of forward-looking ter minology such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", " anticipates", "believes" or variations of such word s and phrases
(including negative or grammatical variations) or s tatements that certain actions, events or results " may", "could",
"would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Investors are cautioned
that forward-looking information is inherently unce rtain and involves risks, assumptions and uncertain ties that could
cause actual facts to differ materially. There can be no assurance that future developments affecting the Company will
be those anticipated by management. The forward-loo king information contained in this press release co nstitutes
management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We
expect that these estimates will change as new information is received. While we may elect to update these estimates
at any time, we do not undertake to update any estimate at any particular time or in response to any particular event.