Dalradian Resources Inc. Dalradian Receives $20 Million From Recent Warrant Exercises

 
TIDMDALR 
 
 
   Dalradian receives $20 million from recent warrant exercises 
 
   TORONTO, October 12, 2017 /Marketwired/ - Dalradian Resources Inc. 
(TSX:DNA; AIM:DALR)  ("Dalradian" or the "Company") announces that a 
total of 19,187,650 of Dalradian's common share purchase warrants 
originally issued on 7 October 2015 (the "October Warrants") were 
exercised between 22 September 2017 and 10 October 2017 at a price of 
C$1.04, resulting in proceeds to the Company of C$19,955,156. Included 
in this amount is 371,250 warrants exercised by Dalradian's officers and 
directors totalling C$386,100 (AIM announcement of 11 October 2017) and 
6,250,000 warrants exercised by Osisko Gold Royalties Ltd totalling 
C$6.5 million (news release of 10 October 2017). 
 
   In total, 50,183,000 of the October warrants were exercised, 
representing 99.7% of the issued warrants. 
 
   The shares issued upon exercise of the warrants were admitted for 
trading on the AIM market of the London Stock Exchange as part of the 
block admission announced on 23 September 2016. 
 
   Following the October Warrant exercises, the Company will have in issue 
302,036,596 common shares. This figure may be used by shareholders as 
the denominator for the calculations by which they will determine if 
they are required to notify their interest in, or a change to their 
interest in, the Company under the Financial Conduct Authority's 
Disclosure Guidance and Transparency Rules. 
 
   About Dalradian Resources Inc. 
 
   Dalradian Resources Inc. is a mineral 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 
 
   [phone] 
 
   Canaccord Genuity Limited (Broker) 
 
   Henry Fitzgerald-O'Connor / Martin Davison 
 
   [phone] 
 
   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

October 12, 2017 11:45 ET (15:45 GMT)

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