Delrand Resources Limited - Delrand Announces Share Consolidation And Appointment Of CeoRelease Date: 08/05/2014 14:52:00 Code(s): DRN
DELRAND RESOURCES LIMITED
(Incorporated in Canada)
(Corporation number 627115-4)
Share code: DRN ISIN Number: CA2472671072
(?Delrand? or the "Company")
DELRAND ANNOUNCES SHARE CONSOLIDATION AND APPOINTMENT OF CEO
Delrand Resources Limited (?Delrand? or the ?Company?) (TSX-DRN; JSE-DRN) announces that it will be filing articles
of amendment to consolidate the outstanding common shares of the Company on a three to one basis (the "Consolidation").
It is expected that the Company?s shares will commence trading on the JSE Limited on a post-Consolidation basis on
Monday, May 19, 2014. The trading symbol for the Company will remain DRN. Shareholders of the Company authorized
the Consolidation at the shareholders? meeting held on December 19, 2013.
Registered shareholders will be sent a letter of transmittal by the Company?s transfer agent to be used by such shareholders
in order to receive new share certificates representing their shareholdings post-Consolidation.
The Company currently has outstanding 63,844,492 common shares, such that upon effecting the Consolidation the
Company will have outstanding approximately 21,281,498 common shares, subject to the rounding up of fractional shares.
The Company?s currently outstanding warrants will be adjusted on the same basis.
Salient dates for the Consolidation for shareholders recorded on the South African register are as follows:
Last day to trade pre-Consolidation shares on the JSE: Friday, 16 May
Trading consolidated shares on the JSE under the new ISIN code CA2472672062 commences on: Monday, 19 May
Date for determining those shareholders whose shares will be subject to the Consolidation: Friday, 23 May
Dematerialised shareholders will have their accounts at their CSDP or broker updated on: Monday, 26 May
Date of issue of new replacement share certificates provided that old share certificates have been
lodged by 12:00 on the Friday, 23 May 2014, on or about (share certificates received after this date
will be posted within 5 business days of receipt): Monday, 26 May
Share certificates in the pre-consolidated shares may not be dematerialised or rematerialised after Friday, 16 May 2014.
The Company also announces that Arnold T. Kondrat, a founding director of the Company, has been appointed Chief
Executive Officer of the Company. Prior to this appointment, the office of Chief Executive Officer was vacant. Dr.
Michiel C. J. de Wit remains as President of the Company.
The Company is currently evaluating several business opportunities outside of the Democratic Republic of the Congo.
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, CEO, (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.
8 May 2014
Arcay Moela Sponsors Proprietary Limited
Date: 08/05/2014 02:52:00 Supplied by www.sharenet.co.za
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