Delta Resources Upsizing Previously Announced Non-Brokered Private Placement of Hard Cash and Flow Through Units.
Delta Resources Upsizing Previously Announced Non-Brokered Private Placement
of Hard Cash and Flow Through Units.
Monday, November 29, 2021 / Kingston, Ontario / Acces swire . Delta Resources Limited
(“Delta” or “The Company”) ( TSX-V: DLTA ) (OTCBB:DTARF ) ( Frankfurt: 6G01 ) is pleased
to announce that it has increased its previously announ ced non-brokered private placement
financing to raise up to CAD $3,500,000 from eligible participants through the combined sale of
Hard Cash Units, National Flow Through Units and Quebec Flow Through Units. Each Hard Cash
Unit will consist of one common share at $0.27 and one half of a common share purchase warrant
exercisable for up to 24 months from closing at $0.40. E ach National Flow Through Unit will
consist of one common share at $0.31 and one half of a common share purchase warrant for up
to 24 months from closing at $0.45. Each Quebec Flow Through Unit will consist of one common
share at $0.34 and one half of a common share purchase warrant exercisable for up to 24 months
from closing at $0.45. A finder’s fee commensurate with TSX Venture Exchange policies will be
paid where applicable.
The Company reserves the right to modify the size of the private placement or to modify the type,
nature 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 approv al of the TSX Venture Exchange. The
Company may pay finders’ fees in accordance with the p olicies of the TSX Venture Exchange.
The net proceeds of the financing will be used for extensive exploration programs which include
drilling at its Delta-1 Gold property in Thunder Bay, Ontario and Delta-2 VMS and Gold property
in Chibougamau, Quebec as well as 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 (the “U.S. Securities Act”) or the securities laws of any state
of the United States and may not be offered or sold w ithin the United States or to, or for the
account or the benefit of, U.S. persons (as defined in Regulation S under 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 explora tion company focused on growing
shareholder value through the exploration of two very high-potential gold and base-metal projects
in Canada.
DELTA-1, 45 km 2 located 50km west of Thunder Bay, Ontario where an ex tremely high
gold-in-till anomaly and kilometre-scale gold-bearing alteration halo point to a never-tested
regional structure.
DELTA-2 GOLD and DELTA-2 VMS, 170 km 2 in the prolific Chibougamau District of
Quebec, with a potential for hydrothermal-gold and gold-rich VMS deposits.
ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.
Frank Candido
Chairman
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 informati on include, but are not limited to, statements
regarding the use of proceeds of the non-brokered priv ate placement and payment of the debt
settlements. Generally, forward-looking information ca n be identified by the use of forward-looking
terminology such as "plans", "expects", "is expected", "b udget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", "believes" or variations of such words and phrases (including negative or
grammatical variations) or statements that certain acti ons, 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 uncertain and involves risks, assumptions and
uncertainties that could cause actual facts to differ m aterially. There can be no assurance that future
developments affecting the Company will be those ant icipated by management. The forward-looking
information contained in this press release constitutes 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.