Dalradian Resources Inc. Dalradian Receives Interim Order Setting Shareholder Meeting For August 31

 
TIDMDALR 
 
 
   TORONTO, ONTARIO -- (Globe Newswire - August 3, 2018) - Dalradian 
Resources Inc. (TSX: DNA/AIM: DALR) ("Dalradian" or the "Company") is 
pleased to announce that Dalradian has been granted an interim order 
(the "Interim Order") authorizing various matters including the holding 
of a special meeting (the "Meeting") of Dalradian's shareholders to 
consider the previously announced transaction with certain affiliates of 
Orion Mine Finance ("Orion"). 
 
   Under the terms of the previously announced definitive arrangement 
agreement (the "Arrangement Agreement"), Orion will acquire all of the 
issued and outstanding common shares of the Company ("Dalradian Shares") 
by way of a statutory plan of arrangement under the Business 
Corporations Act (Ontario) (the "Transaction"), other than Dalradian 
Shares held by certain members of Dalradian's senior management team, 
Sean Roosen and Osisko Gold Royalties Ltd (collectively, the "Remaining 
Shareholders"), which will not be acquired by Orion. Each Dalradian 
shareholder (other than the Remaining Shareholders) will receive cash 
consideration of C$1.47 for each Dalradian Share held. 
 
   The Interim Order was issued by the Ontario Superior Court of Justice 
(Commercial List) in connection with the Transaction. In accordance with 
the Interim Order, the Meeting of Dalradian's shareholders to consider 
the Transaction will be held on August 31, 2018 at the offices of 
Cassels Brock & Blackwell LLP, 2100 Scotia Plaza, 40 King Street West, 
Toronto, Ontario, M5H 3C2, at 10:00 am (Toronto time). 
 
   The record date for determining the Dalradian shareholders entitled to 
receive notice of and vote at the Meeting was July 16, 2018. The notice 
of meeting and information circular in respect of the Transaction will 
be mailed to the Dalradian shareholders of record and will also be 
available on Dalradian's profile on SEDAR (www.sedar.com) and 
Dalradian's website 
(www.dalradian.com/investor-centre/Shareholder-Meetings).  Shareholders 
are encouraged to read the information circular in detail once it 
becomes available. 
 
   Shareholders who have questions regarding the Transaction or who require 
assistance with voting may contact our proxy solicitation agent, D.F. 
King & Co., by telephone toll-free in North America at 1.800.926.7043 
(1.212.771.1133 by collect call) or by email at [e-mail]. 
 
   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. The Curraghinalt 
Project is in permitting, with various technical studies ongoing to 
build on the positive feasibility study released in January 2017. 
 
   For more information: 
 
   Marla Gale 
 
   Vice President Communications 
 
   [phone] 
 
   [e-mail] 
 
   Grant Thornton UK LLP (Nominated Adviser) 
 
   Philip Secrett / Richard Tonthat / Harrison Clark 
 
   [phone] 
 
   Numis Securities Limited (Broker) 
 
   John Prior / James Black / Paul Gillam 
 
   [phone] 
 
   FORWARD LOOKING STATEMENTS 
 
   This press release contains "forward-looking information" which may 
include, but is not limited to, statements with respect to anticipated 
meeting date, mailing date and timing for completion of the Transaction 
and delisting from both the TSX and AIM, the delivery of an updated 
feasibility study and an updated technical report, 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 state 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 that management believes are reasonable, such as the 
receipt of all shareholder and regulatory approvals, no undue delays 
with respect to the Transaction, effects of general economic conditions, 
changing foreign exchange rates and actions by government authorities, 
continued political stability in Northern Ireland, that permits required 
for Dalradian's operations will be obtained in a timely basis in order 
to permit Dalradian to proceed on schedule with its planned exploration 
and mine development, construction and production programs, that a 
permitting application for mine construction will be approved, that 
skilled personnel and contractors will be available as Dalradian's 
operations commence and continue to grow towards production and mining 
operations, that the price of gold will be at levels that render the 
Dalradian's mineral project economic, and that the necessary capital 
will be available to finance Dalradian's operations and realize on 
mineral resource and mineral reserve estimates and current mine plans. 
 
   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, the 
risk that the required Dalradian shareholder approval or necessary court 
approvals may not be obtained in connection with the Transaction, 
uncertainties associated with negotiations, misjudgments in the course 
of preparing forward-looking information, the Transaction may not close 
when planned or at all or on the terms and conditions set forth in the 
Arrangement Agreement, the benefits expected from the Transaction not 
being realized, risks related to the integration of acquisitions, 
general business, economic, competitive, political and social 
uncertainties; legal challenges to permits or permitting applications; 
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 for the year ended 
December 31, 2017 dated March 15, 2018. 
 
   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 press 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

August 03, 2018 12:24 ET (16:24 GMT)

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