Go Back Email this Link to a friend

DELRAND RESOURCES LIMITED - Delrand Closes Private Placement Funding

Release Date: 24/07/2014 14:45:00      Code(s): DRN     
Delrand Resources Limited
(Incorporated in Canada)
(Corporation number 627115-4)
Share code: DRN ISIN Number: CA2472671072
(?Delrand? or the "Company")

Press Release

Delrand Closes Private Placement Financing


Toronto, Canada ? July 23, 2014 ? Delrand Resources Limited (the ?Company?) (TSX-DRN; JSE-DRN)
announces that it has closed a non-brokered arm?s length private placement of 500,000 units of the
Company at a price of Cdn$0.50 per unit for proceeds to the Company of Cdn$250,000. Each such unit
is comprised of one common share of the Company and one-half of one warrant of the Company, with
each full warrant entitling the holder to purchase one common share of the Company at a price of
Cdn$0.75 for a period of two years. The Company intends to use the proceeds from this financing for
general corporate purposes.

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 or to or for the account or benefit of a U.S. Person
or a person in the United States (as such terms are 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.

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

Arcay Moela Sponsors Proprietary Limited


Date: 24/07/2014 02:45:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             . The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.