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DLP Resources Announces Closing Of Brokered Offering For Gross Proceeds Of C$6 Million

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DLP Resources (DLP.V) announced Thursday the closing of its previously announced "best efforts" private placement for gross proceeds of C$6 million, which includes the exercise in full of the agent's option.

The company sold 24 million units at a price of C$0.25 each.

Each unit consists of one common share and one common share purchase warrant, said the company and added that each warrant entitles the holder thereof to purchase one common share at a price of C$0.35 at any time from July 21, 2026 to May 21, 2029.

The company plans to use the net proceeds for the advancement of its Aurora Cu-Mo-Ag Project in southwest Peru, the exploration of its Esperanza Cu-Mo Project in southern Peru, as well as for general working capital and corporate purposes.

The closing of the offering remains subject to the final approval of the TSX Venture Exchange.

The company's shares were last seen down $0.005 at $0.20 on the TSX Venture Exchange.

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