Resource News

Dalradian Resources (TSX:DNA,AIM:DALR) announced arrangements for Ross Beaty to invest roughly C$11.3 million in the company through a non-brokered private placement. Mr. Beaty will own roughly 9.9 percent of the company upon closing of the placement.

Dalradian Resources (TSX:DNA,AIM:DALR) announced arrangements for Ross Beaty to invest roughly C$11.3 million in the company through a non-brokered private placement. Mr. Beaty will own roughly 9.9 percent of the company upon closing of the placement.

As quoted in the press release:

Pursuant to the Private Placement, Mr. Beaty will acquire 12,556,000 units (the “Units”) at a price of C$0.90 per unit. Each unit will consist of one common share and one half of one share purchase warrant (each whole share purchase warrant a “Warrant”). Each warrant shall be exercisable into one share of the Company for a period of 24 months from closing at an exercise price of C$1.15.

Dalradian CEO, Patrick F.N. Anderson, said:

We are very happy to welcome Mr. Beaty as a significant new Dalradian shareholder. Ross’s experience in the mining sector and track record of investment in mining companies speaks for itself. Mr. Beaty complements a strong shareholder base who share the vision of building a gold mine at Curraghinalt.

Click here to read the Dalradian Resources (TSX:DNA,AIM:DALR) press release

MARKETS

Markets
TSX18864.90-213.74
TSXV615.29-11.05
DOW30896.47-132.84
S&P 5003807.20-11.63
NASD11112.74-65.15
ASX6700.20-63.40

COMMODITIES

Commodities
Gold1807.07-11.76
Silver20.36-0.38
Copper3.70-0.08
Palladium1938.50-23.50
Platinum904.83-14.17
Oil106.05-3.73
Heating Oil3.83-0.12
Natural Gas5.66-0.84

DOWNLOAD FREE REPORTS

×