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Delta Resources Receives First $100,000 Cash Payment from Yorkton Ventures
KINGSTON, ON / ACCESSWIRE / July 23, 2020 / Delta Resources Limited ("Delta") (TSXV:DLT...
About this update from Delta Resources Limited
[{"type":"text","content":"Delta Resources Receives First $100,000 Cash Payment from Yorkton VenturesKINGSTON, ON / ACCESSWIRE / July 23, 2020 / Delta Resources Limited (\"Delta\") (TSXV:DLTA)(OTC:GOLHF)(Frankfurt:6G01) is pleased to announce that it has received the first cash payment of $100,000 for the sale of the Bellechasse-Timmins Gold Deposit in southeastern Quebec, Canada.In addition, the TSX Venture Exchange has accepted for filing documentation an asset purchase agreement (the \"Agreement\") between the Yorkton Ventures affiliate, 9412-1068 Quebec Inc. (the \"Purchaser\") and Delta Resources Limited (the \"Vendor\") dated July 3, 2020. Pursuant to the terms of the Agreement, the Purchaser will acquire 100% of the Bellechasse-Timmins Project located in Quebec from the Vendor for a total cash consideration of $1.7-million. The Purchaser will also commit to paying Delta Resources a royalty of 1% NSR (net smelter return) on any and all commercial production of gold. The Purchaser may repurchase 0.5 % of the NSR for $1 million at any time.About Delta Resources LimitedDelta Resources Limited is a Canadian mineral exploration company focused on growing shareholder value through the acquisition of high-potential gold and base-metal projects in Canada, exploring these projects with state-of-the-art methods, and potentially developing these projects into mines.Delta is currently exploring its Eureka Gold Discovery in the Thunder Bay area (Delta-1) and its Delta-2 Gold-Polymetallic Property in the Chibougamau Mining District of Quebec.Delta also owns a 100% interest in the Bellechasse-Timmins gold deposit in southeastern Quebec. On July 3rd, 2020, Delta announced the sale of the Bellechasse-Timmins project.The Company continues to focus on building upon its strong portfolio of mineral exploration properties with a high potential for economic discoveries in Canada.ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.Andre C. TessierPresident, CEO and Directorwww.deltaresources.caWe seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not approved nor disapproved of the information contained herein.For Further Information:Delta Resources LimitedFrank Candido, Direct...