07:12:30 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Delta Resources Ltd
Symbol DLTA
Shares Issued 29,469,338
Close 2020-07-22 C$ 0.395
Market Cap C$ 11,640,389
Recent Sedar Documents

Delta Resources receives first payment from Yorkton

2020-07-23 10:52 ET - News Release

Mr. Andre Tessier reports

DELTA RESOURCES RECEIVES FIRST $100,000 CASH PAYMENT FROM YORKTON VENTURES

Delta Resources Ltd. 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 between the Yorkton Ventures affiliate, 9412-1068 Quebec Inc. (the purchaser), and Delta Resources (the vendor) dated July 3, 2020. Pursuant to the terms of the agreement, the purchaser will acquire 100 per cent 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-per-cent net smelter return (NSR) on any and all commercial production of gold. The purchaser may repurchase 0.5 per cent of the NSR for $1-million at any time.

About Delta Resources Ltd.

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-per-cent interest in the Bellechasse-Timmins gold deposit in southeastern Quebec. On July 3, 2020, Delta arranged the sale of the Bellechasse-Timmins project.

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