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Delrand Resources Limited - Finalisation Announcement - Delrand Announces Share Consolidation

Release Date: 19/02/2016 10:17:00      Code(s): DRN     
Delrand Resources Limited
(Incorporated in Canada)
(Corporation number 627115-4)
Share code: DRN ISIN Number: CA2472672062
(?Delrand? or the "Company")

FINALISATION ANNOUNCEMENT - DELRAND ANNOUNCES SHARE CONSOLIDATION

Delrand Resources Limited (?Delrand? or the ?Company?) (TSX-V-DRN.H; JSE-DRN) announces that it is
proceeding with the consolidation of the outstanding common shares of the Company on a two to
one basis (the "Consolidation"). The Company?s shares will commence trading on the JSE Limited on a
post-Consolidation basis on Monday, 29 February 2016. The trading symbol for the Company on the
JSE Limited will remain DRN. Shareholders of the Company authorized the Consolidation at the
shareholders? meeting held on 18 December 2015.

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 30,781,581 common shares, such that upon effecting the
Consolidation the Company will have outstanding approximately 15,390,790 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:

                                                                                                  2016
Last day to trade pre-Consolidation shares on the JSE:                             Friday, 26 February
Trading consolidated shares on the JSE under the new ISIN code
CA2472673052 commences on:                                                         Monday, 29 February
Record date for determining those shareholders whose shares will be subject
to the Consolidation:                                                                  Friday, 4 March
Dematerialised shareholders will have their accounts at their CSDP or broker
updated on:                                                                            Monday, 7 March
Date of issue of new replacement share certificates provided that old share
certificates have been lodged by 12:00 on Friday, 4 March 2016, on or
about (share certificates received after this date will be posted within 5
business days of receipt):                                                             Monday, 7 March

Share certificates in the pre-consolidated shares may not be dematerialised or rematerialised after
Friday, 26 February 2016.

For further information, please contact:
Arnold T. Kondrat, CEO, (416) 366-2221 or 1-800-714-7938.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Johannesburg
19 February 2016

Sponsor
Arbor Capital Sponsors Proprietary Limited




                                                      

Date: 19/02/2016 10:17:00 Supplied by www.sharenet.co.za                     
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