Delrand Resources Limited - Private Placing FinancingRelease Date: 15/06/2016 09:38:00 Code(s): DRN
Delrand Resources Limited
(Incorporated in Canada)
(Corporation number 627115-4)
Share code: DRN ISIN Number: CA2472672062
(?Delrand? or the "Company")
DELRAND ANNOUNCES PRIVATE PLACEMENT FINANCING
NOT FOR DISSEMINATION IN THE UNITED STATES
Toronto, Canada ? June 13, 2016 ? Delrand Resources Limited (the ?Company?) (NEX: DRN.H; JSE:
DRN) is pleased to announce a non-brokered private placement of up to 300,000 common
shares in the capital of the Company at a price of Cdn$0.40 per share for gross proceeds of up
to Cdn$120,000 (the ?Offering?).
Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals,
including the approval of NEX. All securities issued in connection with the Offering will be subject
to a hold period of four months plus a day from the date of issuance and the resale rules of
applicable securities legislation. The proceeds of the Offering will be used for general working
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 registration requirements.
Forward-Looking Information: This press release contains forward-looking information. All
statements, other than statements of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or may occur in the future
(including, without limitation, statements regarding the closing of the Offering) are forward-
looking information. This forward-looking information reflects the current expectations or beliefs
of the Company based on information currently available to the Company. Forward-looking
information is subject to a number of risks and uncertainties that may cause the actual results of
the Company to differ materially from those discussed in the forward-looking information, and
even if such actual results are realized or substantially realized, there can be no assurance that
they will have the expected consequences to, or effects on the Company. Factors that could
cause actual results or events to differ materially from current expectations include, among
other things, failure to complete the proposed Offering. Forward-looking information speaks only
as of the date on which it is provided and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any forward-looking
information, whether as a result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the forward-looking
information are reasonable, forward-looking information is not a guarantee of future
performance and accordingly undue reliance should not be put on such information due to the
inherent uncertainty therein.
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
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure
to comply with this restriction may constitute a violation of U.S. securities laws.
For further information, please contact:
Arnold T. Kondrat, CEO, (416) 366-2221 or 1-800-714-7938.
15 June 2016
Arbor Capital Sponsors Proprietary Limited
Date: 15/06/2016 09:38:00 Supplied by www.sharenet.co.za
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