DLP Resources Announces Non-Brokered Private Placement – DLP Resources Inc.
Summary
Cranbrook, British Columbia, (Newsfile Corp. November 29, 2024) DLP Resources Inc. (DLP or the Company) (TSXV:DLP) is pleased to announce that it intends to complete a non-brokered private placement offering up to 10,000,000 units of the Company (Units) at a price of $0.21 per Unit, for gross proceeds of up to $2,100,000 (the Private Placement).Each Unit will consist of one common share of the Company (a Share) and one common share purchase warrant (a Warrant). Each Warrant will entitle the holder to purchase one additional Share of the Company at a price of $0.40 per Share for a period of twenty-four (24) months from the date of closing.The Company may pay finders fees in connection with the Private Placement to certain eligible finders in the form of: (i) a cash commission of 7.0% of the gross proceeds raised under the Private Placement from investors introduced to the Company by the finder; and (ii) the issuance of such number of non-transferable common share purchase warrants of the Company (the Finders Warrants) equal to 7.0% of the Units issued under the Private Placement from investors introduced to the Company by the finder.The proceeds of the Private Placement will be used for funding the Peru projects and general office and administration requirements. There may be circumstances, however, where, for sound business reasons, a reallocation of funds may be necessary.The Private Placement is subject to the receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange (the Exchange), and all securities issued pursuant to the Private Placement will be subject to a four-month hold period under applicable Canadian securities laws.The securities being offered have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons or persons in the United States, absent registration or an applicable exemption from the registration requirements. Please refer to our web site www.dlpresourcesinc.com for additional information.FOR FURTHER INFORMATION PLEASE CONTACT:Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. These risks and uncertainties include, among other things, delays in obtaining or failure to obtain required regulatory approvals for the Private Placement; market uncertainty; and the inability of the Company to raise the anticipated proceeds under the Private Placement.In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will obtain the required regulatory approvals for the Private Placement; the Company will be able to raise the anticipated proceeds under the Private Placement; and the Company will be able to use the proceeds of the Private Placement as currently anticipated.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.