Delta Resources Announces Financing of a Minimum of $1,000,000
Delta Resources Announces Financing of a Minimum of $1,000,000
Tuesday, September 2, 2020 / Kingston, ON / Accessw ire . Delta Resources Limited (“Delta” or “The
Company”) (TSX-V: DLTA )(OTCBB: GOLHF ) (Frankfurt: 6G01 ) announces a non-brokered private placement
financing to raise a minimum of CAD 1,000,000 from eligible participants through the sale of a minimum of
2,857,143 units of the Company at a price of $0.35 per unit. Each unit will consist of one common share and one
half of a common share purchase warrant exercisable for up to 24 months from closing at $0.50. A finder's fee
commensurate with TSX Venture Exchange policies will be paid where applicable.
The Company reserves the right to modify the size o f the private placement or to modify the type, natu re and/or
price of the units for any reason. The offering and any modification to it are subject to compliance with applicable
securities laws and approval of the TSX Venture Exc hange. The Company may pay finders' fees in accorda nce
with the policies of the TSX Venture Exchange. The net proceeds of the financing will primarily be use d for
exploration which includes drilling at its Delta-1 and Delta-2 properties in Thunder Bay, Ontario and Chibougamau,
Quebec and general working capital. Any shares issued will be subject to a four month plus one day hold period.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale
of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities
have not been and will not be registered under the United States Securities Act of 1933, as amended (t he "U.S.
Securities Act") or the securities laws of any stat e of the United States and may not be offered or so ld within the
United States or to, or for the account or the bene fit of, U.S. persons (as defined in Regulation S un der the U.S.
Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to
an exemption from such registration requirements .
About Delta Resources Limited
Delta Resources Limited is a Canadian mineral explo ration company 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 is currently exploring its Eureka Gold Discov ery in the Thunder Bay area (Delta-1) and its Delta -2 Gold-
Polymetallic Property in the Chibougamau Mining District of Quebec.
Delta also owns a 100% interest in the Bellechasse- Timmins gold deposit in southeastern Quebec. On Ju ly 3 rd ,
2020, Delta announced the sale of the Bellechasse-Timmins project.
The Company continues to focus on building upon its strong portfolio of mineral exploration properties with a high
potential for economic discoveries in Canada.
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
Andre C. Tessier, CEO and President
Tel: 613-328-1581
or
Frank Candido, Chairman
Tel : 514-969-5530
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
of the debt settlements. Generally, forward-looking information can be identified by the use of forwar d-looking terminology such as "plans",
"expects", "is expected", "budget", "scheduled", "e stimates", "forecasts", "intends", "anticipates", " believes" or variations of such words and
phrases (including negative or grammatical variations) or statements that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved" or the ne gative connotation thereof. Investors are cautioned that forward-looking information is
inherently uncertain and involves risks, assumption s and uncertainties that could cause actual facts t o differ materially. There can be no
assurance that future developments affecting the Co mpany will be those anticipated by management. The forward-looking information
contained in this press release constitutes management's current estimates, as of the date of this pre ss 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.