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Delta Resources Limited (DTARF) is a Canadian mineral exploration company with a focus on gold and base-metal projects in Canada. The company recently announced expansion of its drill campaign at the Delta-1 Project, adding to the success of its previous explorations. Delta-1, the flagship project, shows promising results, with gold mineralization defined over a significant strike length. The company's strategic acquisitions and exploration efforts position it as a key player in the mineral exploration sector.
Delta Resources Limited has successfully completed a non-brokered private placement, raising a total of $3,363,449.19 through the issuance of various unit types. This includes 1,986,110 Hard Cash units at $0.27 each, 1,998,389 National Flow Through units at $0.31, and 6,493,235 Quebec Flow Through units at $0.34. The proceeds will primarily fund exploration activities at its Delta-1 and Delta-2 properties, and a total of $213,016.03 has been paid in cash commissions. Insiders participated in the offering, totaling $32,650.
Delta Resources Limited has announced an increase in its non-brokered private placement financing to raise up to CAD $3,500,000. The financing will involve the sale of Hard Cash Units, National Flow Through Units, and Quebec Flow Through Units, with each type priced at $0.27, $0.31, and $0.34 respectively. The proceeds will be allocated to exploration programs for the Delta-1 Gold property in Ontario and Delta-2 properties in Quebec. The offering is subject to TSX Venture Exchange approval and applicable securities laws.
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