Ms. Marla Gale reports
DALRADIAN RECEIVES $20 MILLION FROM RECENT WARRANT EXERCISES
Dalradian Resources Inc. has received proceeds of $19,955,156 from the exercise, between Sept. 22 and Oct. 10, of 19,187,650 common share purchase warrants originally issued on Oct. 7, 2015. Included in this amount are 371,250 warrants exercised by Dalradian's officers and directors totalling $386,100 and 6.25 million warrants exercised by Osisko Gold Royalties Ltd. totalling $6.5-million (news release of Oct. 10, 2017).
In total, 50,183,000 of the October warrants were exercised, representing 99.7 per cent of the issued warrants.
The shares issued upon exercise of the warrants were admitted for trading on the AIM market of the London Stock Exchange as part of the block admission announced on Sept. 23, 2016.
Following the October warrant exercises, the company will have 302,036,596 common shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the company under the Financial Conduct Authority's disclosure guidance and transparency rules.
About Dalradian Resources Inc.
Dalradian Resources is a mineral exploration and development company that is focused on advancing its high-grade Curraghinalt gold project located in Northern Ireland, United Kingdom.
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