Delrand Resources Limited - Delrand Decides To Voluntarily Delist From The TsxRelease Date: 01/07/2015 09:53:00 Code(s): DRN
Delrand Resources Limited
(Incorporated in Canada)
(Corporation number 627115-4)
Share code: DRN ISIN Number: CA2472672062
(?Delrand? or the "Company")
Delrand Decides to Voluntarily Delist from the TSX
Toronto, Canada ? June 30, 2015 ? Delrand Resources Limited (?Delrand? or the ?Company?) (TSX-
DRN; JSE-DRN) announces that it is voluntarily delisting its common shares from the Toronto Stock
Exchange (the "TSX"). The Company expects to delist from the TSX around August 10, 2015. The
Company decided to take this action after concluding that the disadvantages of maintaining its
listing on the TSX outweighed the benefits to the Company and its shareholders. Among the
factors considered were the ongoing costs and expenses, both direct and indirect, associated
with having the Company?s common shares listed on the TSX. The Company believes that
continued distress in the minerals sector will result in opportunities that will be beneficial to
shareholders, and that having regard to current conditions in the minerals sector the Company
should for now limit its expenses, of which costs relating to the TSX listing are components. The
Company is following a prudent strategy and does not want to engage in activities and incur
related expenses solely in order to meet TSX continued listing requirements.
The Company intends to make application to list its common shares on the Canadian Securities
Delrand is an African-focused mineral explorer. 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:
Arnold T. Kondrat, CEO, (416) 366-2221 or 1-800-714-7938.
01 July 2015
Arbor Capital Sponsors Proprietary Limited
Date: 01/07/2015 09:53:00 Supplied by www.sharenet.co.za
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