Delrand Resources Limited - Delrand Closes Private Placement FinancingRelease Date: 24/04/2014 10:55:00 Code(s): DRN
DELRAND RESOURCES LIMITED
(Incorporated in Canada)
(Corporation number 627115-4)
Share code: DRN ISIN Number: CA2472671072
(?Delrand? or the "Company")
DELRAND CLOSES PRIVATE PLACEMENT FINANCING
Toronto, Canada ? April 23, 2014 ? Delrand Resources Limited (?Delrand? or the ?Company?)
(TSX-DRN; JSE-DRN) announces that, further to its April 15, 2014 press release, it has closed
a non-brokered private placement of 2,000,000 common shares of the Company (the "Shares")
at a price of Cdn$0.075 per Share for proceeds to the Company of Cdn$150,000. The Company intends
to use the proceeds from this financing (the "Financing") for general corporate purposes.
Arnold T. Kondrat was the purchaser of all of the Shares. Mr. Kondrat is a director of
the Company and, taking into account the Shares acquired under the Financing, now holds
14,359,700 (or 22.49%) of the outstanding common shares of the Company.
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
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 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: Arnold T. Kondrat, (416) 366-2221 or 1-800-714-7938.
In Johannesburg and the DRC: Brian P. Scallan, Vice President, Finance, +27 82 902 6273 or
23 April 2014
Arcay Moela Sponsors (Pty) Ltd
Date: 24/04/2014 10:55:00 Supplied by www.sharenet.co.za
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