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Delrand Resources Limited - Delrand Closes Private Placement Financing

Release Date: 17/05/2013 14:20:00      Code(s): DRN     
DELRAND RESOURCES LIMITED
(formerly BRC DIAMONDCORE LTD.)
(Incorporated in Canada)
(Corporation number 627115-4)
Share code: DRN ISIN Number: CA2472671072
(?Delrand? or the "Company")


Press Release

DELRAND CLOSES PRIVATE PLACEMENT FINANCING

NOT FOR DISSEMINATION IN THE UNITED STATES


Toronto, Canada ? May 16, 2013 ? Delrand Resources Limited (?Delrand? or the ?Company?) (TSX-
DRN; JSE-DRN) announces that, further to its April 9, 2013 press release, it has closed a non-brokered
private placement of 6,000,000 common shares of the Company at a price of Cdn$0.045 per share for
proceeds to the Company of Cdn$270,000. No warrants were issued under this financing (the
?Financing?). The Company intends to use the proceeds from the Financing for general corporate
purposes. Directors and officers of the Company purchased 2,620,000 of the common shares issued
under the Financing.

This press 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 within the United States (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.

Delrand is an African-focused mineral explorer with diamond exploration projects in the Democratic
Republic of the Congo. The Company also has an iron ore exploration project and other mineral projects
are under consideration. Led by an experienced board and management team with a successful track
record of exploration and mine development in Africa, the Company works in a systematic and
responsible manner to discover, assess and develop mineral resources for the benefit of its shareholders
and local stakeholders.

For further information, please visit our website, www.delrand.com, or contact:
In Toronto: Tom Sipos, (416) 366-2221 or 1-800-714-7938.
In Johannesburg and the DRC: Brian P. Scallan, Vice President, Finance, +27 82 902 6273 or +243
991772978.


17 May 2013

Sponsors
Arcay Moela Sponsors (Pty) Ltd



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Date: 17/05/2013 02:20:00 Supplied by www.sharenet.co.za                     
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