Dalradian Resources Inc.: Provides Block Listing Update
20.05.2016 | Marketwire
TORONTO, May 20, 2016 - About Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") announces that pursuant to Rule 29 and Schedule Six of the AIM Rules for Companies, there have been the following changes to the number of shares block listed in respect of the block listing of up to 28,047,299 common shares each in the Company admitted to trading on AIM on 6 February 2015 and its update and change on August 15, 2015. ----------------------------------------------------------------------------------------------------
Name of company Dalradian Resources Inc.
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Name of scheme(s) Block listing of up to 28,047,299 common shares each in the Company admitted to
trading on AIM on 6 February 2015
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Period of return From: 6 August, 2015
To: 20 May, 2016
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Balance under 28,047,299 common shares
scheme(s) from
previous return:
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The amount by which Nil
the block scheme(s)
has been increased
during the period:
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Number and class of 187,821 common shares pursuant to broker warrants issued in connection with the
securities issued bought deal offering completed on 19 February 2014
under the scheme(s) 287,960 common shares pursuant to broker warrants issued in connection with the
during the period: bought deal offering completed on 31 July 2014
590,178 common shares pursuant to broker warrants issued in connection with the
private placement completed on 31 July 2014
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Number and class of 30,000 common shares pursuant to warrants issued to land owners on 1 January
securities issued 2011
under the scheme(s)
which expired during
the period:
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Balance under the Warrants issued to two landowners on 1 January 2012 40,000
scheme(s) of
securities not yet
issued at the end of
the period
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Warrants issued to two landowners on 1 January 2013 50,000
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Warrants issued in connection with the bought deal offering 9,602,500
completed on 31 July 2014
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Broker warrants issued in connection with the bought deal 864,340
offering completed on 31 July 2014
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Warrants issued in connection with the non-brokered private 5,599,999
placement completed on 31 July 2014
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Total 16,156,839
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Number and class of Block listing of up to 28,047,299 common shares each in the Company admitted to
securities trading on AIM on 6 February 2015, as follows:
and the date of
admission
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Warrants issued to two landowners on 1 January 2011 30,000
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Warrants issued to two landowners on 1 January 2012 40,000
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Warrants issued to two landowners on 1 January 2013 50,000
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Warrants issued in connection with the bought deal offering 9,710,250
completed on 19 February 2014
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Broker warrants issued in connection with the bought deal 1,190,250
offering completed on 19 February 2014
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Warrants issued in connection with the bought deal offering 9,602,500
completed on 31 July 2014
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Broker warrants issued in connection with the bought deal 1,152,300
offering completed on 31 July 2014
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Warrants issued in connection with the non-brokered private 5,599,999
placement completed on 31 July 2014
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Broker warrants issued in connection with the non-brokered 672,000
private placement completed on 31 July 2014
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Admitted to trading on AIM on 15 August 2015, as follows:
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Warrants issued in connection with the bought deal offering 9,581,650
completed on 19 February 2014
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Broker warrants issued in connection with the bought deal 1,002,429
offering completed on 19 February 2014
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Warrants issued in connection with the private placing completed 81,822
on 31 July 2014
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Total 38,713,200
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Contact details Marla Gale
Vice President, Communications
+1 416 583 5622
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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. The Company is in the midst of a work program in support of a planning (permitting) application for construction of an operating mine at Curraghinalt. Components of the program include a feasibility study, an environmental and social impact assessment and underground exploration (at least 950 metres of development with associated test stoping).
For more information:
About Dalradian Resources Inc.
Marla Gale,
Vice President Communications
+1 416 583 5622
investor@dalradian.com
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Richard Tonthat / Harrison Clarke
+44 (0)20 7383 5100
Canaccord Genuity Limited (Broker)
Henry Fitzgerald-O'Connor / Martin Davison
+44 20 7523 8000
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the 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, the realization of mineral resource 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 economics 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 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 development programs, that skilled personnel and contractors will be available as Dalradian's operations continue to grow, 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 estimates and current mine plans, that the assumptions contained in the Company's Preliminary Economic Assessment are accurate and complete, that results from the infill drilling program continue to be positive, that the mineral resource update is positive, that the results of the Environmental and Social Impact Assessment and the Feasibility Study 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