Dalradian Resources Inc. Dalradian Notes Possible Offer For Minco Plc

 
TIDMDALR 
 
 
   Dalradian notes Possible Offer for Minco Plc 
 
   TORONTO, March 21, 2017 /Marketwired/ - Dalradian Resources Inc. 
(TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") notes the 
announcement made today by Minco plc ("Minco") of a possible offer for 
Minco by Dalradian under Rule 2.4 of the Irish Takeover Panel Act, 
Takeover Rules 2013. For a full description of the terms of the possible 
offer, readers should refer to Minco's announcement under Rule 2.4 dated 
March 21, 2017 which is available at the link provided below: 
 
   www.mincoplc.com 
 
   The information contained at the link provided above is not incorporated 
by reference into this press release. 
 
   About Dalradian Resources Inc. 
 
   Dalradian Resources Inc. is a gold exploration and development company 
that is focused on advancing its high-grade Curraghinalt Gold Project 
located in Northern Ireland, United Kingdom. 
 
   For more information: 
 
   Marla Gale 
 
   Vice President Communications 
 
   [phone] 
 
   [e-mail] 
 
   Grant Thornton UK LLP (Nominated Adviser) 
 
   Philip Secrett / Richard Tonthat / Harrison Clarke 
 
   [phone] 
 
   Canaccord Genuity Limited (Broker) 
 
   Henry Fitzgerald-O'Connor / Martin Davison 
 
   [phone] 
 
   Responsibility Statement 
 
   The Directors of Dalradian accept responsibility for the information 
contained in this announcement. To the best of their knowledge and 
belief (having taken all reasonable care to ensure that such is the 
case), the information contained in this announcement is in accordance 
with the facts and does not omit anything likely to affect the import of 
such information. 
 
   Rule 2.10 Disclosure 
 
   In accordance with Rule 2.10 of the Irish Takeover Rules, Dalradian 
confirms that it has 250,042,747 Common Shares in issue and admitted to 
trading on the Toronto Stock Exchange and AIM Market of the London Stock 
Exchange plc. In addition there are (i) 8,981,666 options over Common 
Shares, (ii) 41,047,220 Warrants over Common Shares, (iii) 1,375,000 
Restricted Share Units and (iv) 294,000 Deferred Share Units 
outstanding. The ISIN code for Dalradian's Common Shares is 
CA2354991002. 
 
   FORWARD-LOOKING STATEMENTS 
 
   This news release contains "forward looking information" which may 
include, but is not limited to, statements with respect to the  possible 
offer, future financial or operating performance of the Company and its 
subsidiaries and its mineral project, the future price of metals, test 
work and confirming results from work performed to date, the estimation 
of mineral resources and mineral reserves, the realization of mineral 
resource and mineral reserve estimates, the timing and amount of 
estimated future production, costs of production, capital, operating and 
exploration expenditures, costs and timing of the development of new 
deposits, costs and timing of future exploration, requirements for 
additional capital, government regulation of mining operations, 
environmental risks, reclamation expenses, title disputes or claims, 
limitations of insurance coverage, the timing and possible outcome of 
pending regulatory matters and the realization of the expected 
production, economics and mine life of the Curraghinalt gold deposit. 
Often, but not always, forward looking statements can be identified by 
the use of words and phrases such as "plans", "expects", "is expected", 
"budget", "scheduled", "estimates", "forecasts", "intends", 
"anticipates", or "believes" or variations (including negative 
variations) of such words and phrases, or statements that certain 
actions, events or results "may", "could", "would", "might" or "will" be 
taken, occur or be achieved. 
 
   Forward looking statements are based on the opinions and estimates of 
management as of the date such statements are made and are based on 
various assumptions such as the execution of a definitive offer for the 
transactions described herein, continued political stability in Northern 
Ireland, that permits required for Dalradian's operations will be 
obtained on a timely basis in order to permit Dalradian to proceed on 
schedule with its planned exploration and mine development, construction 
and production programs, that skilled personnel and contractors will be 
available as Dalradian's operations commence and continue towards 
production and mining operations, that the price of gold will be at 
levels that render Dalradian's mineral project economic, that the 
Company will be able to continue raising the necessary capital to 
finance its operations and realize on mineral resource and mineral 
reserve estimates and current mine plans, that the results of the 
Environmental and Social Impact Assessment will be positive and that a 
permitting application for mine construction will be approved. 
 
   Forward looking statements involve known and unknown risks, 
uncertainties and other factors which may cause the actual results, 
performance or achievements of Dalradian to be materially different from 
any future results, performance or achievements expressed or implied by 
the forward looking statements. Such factors include, among others, 
general business, economic, competitive, political and social 
uncertainties; the actual results of current and future exploration 
activities; the actual results of reclamation activities; conclusions of 
economic evaluations; meeting various expected cost estimates; changes 
in project parameters and/or economic assessments as plans continue to 
be refined; future prices of metals; possible variations of mineral 
grade or recovery rates; the risk that actual costs may exceed estimated 
costs; failure of plant, equipment or processes to operate as 
anticipated; accidents, labour disputes and other risks of the mining 
industry; political instability; delays in obtaining governmental 
approvals or financing or in the completion of development or 
construction activities, as well as those factors discussed in the 
section entitled "Risk Factors" in the Company's annual information 
form. Although the Company has attempted to identify important factors 
that could cause actual actions, events or results to differ materially 
from those described in forward looking statements, there may be other 
factors that cause actions, events or results to differ from those 
anticipated, estimated or intended. Forward looking statements contained 
herein are made as of the date of this news release and the Company 
disclaims any obligation to update any forward looking statements, 
whether as a result of new information, future events or results, except 
as may be required by applicable securities laws. There can be no 
assurance that forward looking statements will prove to be accurate, as 
actual results and future events could differ materially from those 
anticipated in such statements. Accordingly, readers should not place 
undue reliance on forward looking statements. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Dalradian Resources Inc. via Globenewswire 
 
 
  http://www.dalradian.com/ 
 

(END) Dow Jones Newswires

March 21, 2017 12:19 ET (16:19 GMT)

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