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DLP Resources Announces Non-Brokered Private Placement of Flow-Through Shares
Cranbrook, British Columbia--(Newsfile Corp. - March 23, 2023) - DLP Resources Inc.  ( TSXV...
About this update from Dlp Resources, Inc.
[{"type":"text","content":"DLP Resources Announces Non-Brokered Private Placement of Flow-Through SharesCranbrook, British Columbia--(Newsfile Corp. - March 23, 2023) - DLP Resources Inc. (TSXV: DLP) (\"DLP\" or the \"Company\") is pleased to announce that it intends to complete a non-brokered private placement offering up to 3,750,000 flow-through common shares (\"FT Shares\") at a price of $0.40 per FT Share, for gross proceeds of up to $1,500,000 (the \"Private Placement\").DLP intends to pay finder's fees in connection with the Private Placement to certain eligible finders in the form of: (i) a cash commission of 7.0% of the gross proceeds raised under the Private Placement from investors introduced to DLP by the finder; and (ii) the issuance of such number of common share purchase warrants of DLP (\"Finder's Warrants\") equal to 7.0% of the FT Shares issued under the Private Placement from investors introduced to DLP by the finder. Each Finder's Warrant will be exercisable to purchase one common share of DLP at a price of $0.40 per common share for a period of twenty-four (24) months from the date of closing.The Private Placement will be made available to subscribers pursuant to the accredited investor and friends, family and business associate exemptions provided under sections 2.3(1) and 2.5 of National Instrument 45-106 Prospectus Exemptions. The Private Placement will also be made available to existing shareholders of the Company who, as of the close of business on March 22, 2023, held common shares of the Company (and who continue to hold such common shares as of the closing date), pursuant to the prospectus exemption set out in BC Instrument 45-534 – Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders (the \"Existing Shareholder Exemption\"). The Existing Shareholder Exemption limits a shareholder to a maximum investment of CAD$15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. If the Company receives subscriptions from investors relying on the Existing Shareholder Exemption exceeding the maximum amount of the Private Placement, the Company intends to adjus...