DTRC - DTRC STOCK NEWS

Dakota Territory Resource Corp (OTCQB: DTRC) announced an upsized private placement, increasing the offer from 5,555,556 to 10,000,000 shares of common stock at $4.50 each. This change raises the potential gross proceeds from $25 million to $45 million. The closing is expected around July 9, 2021, pending approvals. Proceeds will be used for gold property exploration and general working capital. The offering is exempt from registration under the Securities Act of 1933.

Dakota Territory Resource Corp (OTCQB: DTRC) announced plans for a non-brokered private placement of up to 5,555,556 shares at $4.50 each, targeting gross proceeds of $25 million. The placement is anticipated to close by July 9, 2021, pending approvals. Proceeds will support general working capital and exploration of gold properties. The shares will be offered under exemptions from registration requirements. Forward-looking statements highlight potential risks, including market conditions and completion uncertainties.

Dakota Territory Resource Corp (OTCQB: DTRC) announced the appointment of Shawn Campbell as Chief Financial Officer, succeeding Chris Mathers. With over 15 years of financial management experience, Campbell previously served as CFO of GT Gold Corp and held significant roles at Goldcorp. CEO Jonathan Awde emphasized Campbell's expertise in mining operations and its potential benefits for Dakota Territory's exploration efforts in South Dakota's historic Homestake gold district. The company aims to enhance shareholder value through responsible exploration of its extensive gold properties.

Dakota Territory has announced a definitive merger agreement with JR Resources Corp, its largest shareholder, resulting in a new entity named Dakota Gold Corp. The merger aims to combine assets for enhanced mineral exploration in South Dakota's Homestake gold district. A 4-for-1 reverse stock split will also be implemented, effective May 25, 2021, reducing authorized shares from 300 million to 75 million. This strategic move intends to unlock shareholder value and streamline operations, pending necessary regulatory approvals.

Dakota Territory Resource Corp (OTCQB: DTRC) announced the appointment of Robert Quartermain and Stephen O’Rourke as Co-Chairs of the board of directors. CEO Jonathan Awde highlighted their resource industry expertise and alignment with shareholder interests. Quartermain brings 45 years of experience, including tenure at Pretium Resources and Silver Standard Resources. O’Rourke, formerly with BHP Billiton, has significant roles in energy and minerals development. Dakota Territory holds 100% ownership of eight gold properties across 18,182 mineral acres in South Dakota, aiming to enhance shareholder value through responsible exploration.

Dakota Territory Resource Corp (OTCQB: DTRC) has announced Jonathan Awde as the new President and CEO, following a significant leadership transition. The company completed a purchase right agreement with JR Resources Corp., resulting in JR Resources acquiring approximately 64% of Dakota Territory's common stock. The proceeds from this transaction, totaling $10.9 million, will support exploration and corporate strategies. Dakota Territory controls about 18,182 mineral acres in the Homestake District, which includes the recent acquisition of the Maitland Project.

Dakota Territory Resource Corp (OTCQB: DTRC) has announced an extension of 30 days for JR Resources Corp. to purchase up to 72,900,000 shares for $10,935,000, agreed on February 15, 2021. This extension is due to travel restrictions affecting operations. Dakota Territory is positioned in the Northern Black Hills, owning eight gold properties covering 15,442 acres. CEO Jerry Aberle expressed optimism about finalizing the agreement with JR Resources to benefit shareholders.

Dakota Territory Resource Corp (OTCQB: DTRC) has announced a definitive agreement to acquire the Maitland Gold Property from Barrick Gold Corporation for $3.5 million in cash and 3 million shares. The 2,112 mineral acres acquisition aims to strengthen the company's strategy in the Black Hills of South Dakota, extending its target area and covering a historic gold discovery. The acquisition is expected to close by October 23, 2020, subject to customary conditions. This move is seen as a significant step in Dakota Territory's commitment to gold resource development.

Dakota Territory Resource Corp (OTCQB: DTRC) announced the purchase of 69,666,667 shares by JR Resources Corp for $10.45 million, bolstering its exploration efforts. The proceeds will support corporate strategies and working capital. JR Resources now owns approximately 47% of Dakota Territory's common stock, prompting an expansion of the Board from 3 to 5 members, including mining executive Alex Morrison. The company intends to leverage its resources for efficient exploration of its gold properties in the Black Hills of South Dakota.