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DELRAND RESOURCES LIMITED - Announces Private Placement Financing

Release Date: 05/09/2016 17:33
Code(s): DRN     PDF:  
Wrap Text
Announces Private Placement Financing

Delrand Resources Limited
(Incorporated in Canada)
(Corporation number 627115-4)
Share code: DRN ISIN Number: CA2472672062
(“Delrand” or the "Company

Press Release



Toronto, Canada – September 2, 2016 – Delrand Resources Limited (the “Company”) (NEX: DRN.H;
JSE: DRN) is pleased to announce a non-brokered private placement of up to 700,000 common shares in
the capital of the Company at a price of Cdn$0.50 per common share for gross proceeds of up to
Cdn$350,000 (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 to settle accounts payables and for general working capital

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 this release.

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.

5 September 2016

Arbor Capital Sponsors Proprietary Limited

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