Business
Delta Resources Announces Closing of a Premium Charity Flow Through Financing and Ron Kopas Joins the Board of Directors
$5 Million net @ $0.20/share with no commissions paid Ron Kopas joins the Board of Directors ...
About this update from Delta Resources Limited
[{"type":"text","content":"Delta Resources Announces Closing of a Premium Charity Flow Through Financing and Ron Kopas Joins the Board of Directors$5 Million net @ $0.20/share with no commissions paidRon Kopas joins the Board of DirectorsKingston, Ontario--(Newsfile Corp. - November 18, 2024) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6G01) (\"Delta\" or \"The Company\") is pleased to announce that it has closed its non-brokered private placement offering (the \"Offering\"), previously announced on November 8, 2024. The Company has issued 25,000,000 Charity Flow-Through Units (the \"FT Units\") for $0.20 per Charity Flow-Through Unit, for aggregate gross proceeds of $5,000,000 (the \"Private Placement\").Each FT Unit consists of one flow-through common share of the Company (\"FT Share\") and one non-flow-through common share purchase warrant (\"Warrant\"), with each Warrant being exercisable to acquire an additional non-flow-through common share of the Company at $0.25 for 36 months from the date of issuance.The gross proceeds raised from the issuance of the FT Units will be used to fund \"Canadian exploration expenses\" within the meaning of subsection 66.1(6) Income Tax Act (Canada).All securities issued pursuant to the Private Placement are subject to a statutory four-month hold period in Canada. The Private Placement is subject to receipt of final approval of the TSX Venture Exchange. Ron Kopas Joins the Board of DirectorsDelta is also pleased to announce the addition of Ron Kopas to the Board of Directors. Mr. Kopas has been a Founder, Director and Investor in many businesses internationally over his career. He has extensive experience growing businesses through building teams, adding capital (significant investors in his businesses have included Goldman Sachs and Fidelity) with strong partners and ensuring robust corporate governance to position businesses for further expansion.Mr. Kopas most recently founded KSP Renewables Limited, where he developed a £350 million, 30MWe, 260,000 tonne/annum Energy Recovery Centre in Corby, England and successfully sold this in late 2022 to Covanta Europe (owned by EQT Infrastructure).Mr. Kopas has considerable private equity and capital markets experience in both North America and Europe, particularly in the energy and resource sectors.Formerly Corporate Financier at UBS Warburg...