Original News Release
Delta Res closes $806,172 final tranche of financing
Mr. Frank Candido reports
DELTA RESOURCES ANNOUNCES SECOND AND FINAL CLOSING OF AN OVERSUBSCRIBED PREMIUM CHARITY FLOW THROUGH FINANCING
Delta Resources Ltd. has closed the second and final tranche of its non-brokered private placement offering, as previously announced on April 23, 2026. The company has issued an additional 3,290,498 charity flow-through units for 24.5 cents per charity flow-through unit for aggregate gross proceeds of $806,172.
Each flow-through unit consists of one flow-through common share of the company and one-half of one non-flow-through common share purchase warrant, with each whole warrant being exercisable to acquire an additional non-flow-through common share of the company at 28 cents for a period of 30 months from the date of issuance.
The upsized agreement announced on April 23, 2026, with Wealth Creation Preservation & Donation Inc. (WCPD) was for a non-brokered structured private placement offering, consisting of the issuance of up to 26,530,614 charity flow-through units at a price of 24.5 cents per flow-through unit, to raise gross proceeds of up to $6,500,000.43, with each flow-through unit consisting of one flow-through common share of the company and one-half of one non-flow-through common share purchase warrant.
With the first and second tranches, Delta has closed a total of 26,786,164 units for gross proceeds of $6,562,610.
The gross proceeds raised from the issuance of the flow-through units will be used to finance Canadian exploration expenses within the meaning of Subsection 66.1(6) Income Tax Act (Canada).
All securities issued pursuant to the private placement are subject to a statutory four-month hold period in Canada.
The company paid finders' fees consisting of cash commissions of $11,999.93 and 66,666 compensation warrants to certain eligible third parties, with each compensation warrant entitling the holder thereof to purchase one common share in the capital of the company at 28 cents per common share for a period of 30 months following the closing of the offering.
The private placement is subject to receipt of final approval of the TSX Venture Exchange.
Qualified person
Daniel Boudreau, PGeo, vice-president of exploration at Delta Resources, is the qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.
About Delta Resources Ltd.
Delta Resources is a Canadian mineral exploration and development company focused on its Delta-1 gold project in Ontario, where it has identified a large, near-surface gold system located approximately 50 kilometres west of Thunder Bay, adjacent to the Trans-Canada Highway.
The Eureka gold deposit extends over 2.5 kilometres in strike length and to depths exceeding 300 metres, with mineralization observed to approximately 600 metres vertical depth and remaining open in all directions. The property spans 340 square kilometres and hosts multiple prospective mineralized corridors.
Highlights include drill intercepts such as 5.92 grams per tonne gold over 31 metres (including 14.8 grams per tonne gold over 11.9 metres) and 1.79 grams per tonne gold over 128.5 metres.
We seek Safe Harbor.
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