Business
DLP Resources Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
Cranbrook, British Columbia--(Newsfile Corp. - May 7, 2026) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (FSE: J8C) ("DLP" or the "Company") is pleased to
About this update from Dlp Resources, Inc.
[{"type":"text","content":" Cranbrook, British Columbia--(Newsfile Corp. - May 7, 2026) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (FSE: J8C) (\"DLP\" or the \"Company\") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (\"Red Cloud\") to act as sole agent and bookrunner in connection with a \"best efforts\" private placement (the \"Marketed Offering\") for gross proceeds of up to C$5,000,000 from the sale of up to 20,000,000 units of the Company (the \"Units\") at a price of C$0.25 per Unit (the \"Offering Price\"). Each Unit will consist of one common share of the Company (each, a \"Common Share\") and one common share purchase warrant (each, a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Common Share (a \"Warrant Share\") at a price of C$0.35 at any time during the period beginning on the date that is 61 days following the Closing Date (as defined herein) and ending on the date which is 36 months following the Closing Date. The Company also grants Red Cloud an option, exercisable in full or in part up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional 4,000,000 Units at the Offering Price for up to an additional C$1,000,000 in gross proceeds (the \"Agent's Option\"). The Marketed Offering and the issuance of securities upon exercise of the Agent's Option shall be collectively referred to as the \"Offering\". The Company intends to use the net proceeds from the Offering for the advancement of the Company's Aurora Cu-Mo-Ag Project in southwest Peru, the exploration of the Company's Esperanza Cu-Mo Project in southern Peru, as well as for general working capital and corporate purposes, as is more fully described in the Offering Document (as defined herein). Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Units will be offered for sale to purchasers resident in the provinces of British Columbia, Alberta, Manitoba, Saskatchewan and Ontario and pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The Common Shares and Warrants underlying the Units, and the Warrant Shares underlying...