Delta Announces Warrant Extension

Rhea-AI Summary

Delta Resources (TSXV: DLTA) (OTC Pink: DTARF) has announced plans to extend the exercise period for 2.5 million warrants. These warrants, originally issued through a private placement that closed on January 31, 2023, are exercisable at $0.18 per common share. The company proposes to extend their expiry date to July 23, 2025. All other warrant terms and conditions remain unchanged. The warrant extension is pending approval from the TSX Venture Exchange.

Positive

• Extension of warrant expiry provides additional time for potential capital raising at $0.18 per share

Negative

• Warrant extension at $0.18 could potentially cap share price appreciation near that level

Montreal, Quebec--(Newsfile Corp. - January 22, 2025) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1) ("Delta" or "The Company") announces that the Company intends to extend the exercise period for 2,500,000 warrants exercisable at $0.18 per common share (the "Warrants"). The Warrants were issued pursuant to a private placement which was previously announced and closed on January 31, 2023. The Company proposes to extend the expiry dates for these Warrants to July 23, 2025.

All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to acceptance by the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Delta Resources Limited

Delta Resources is a Canadian mineral exploration company focused on its Delta-1 project in Ontario, Canada, where the Company discovered a large gold deposit 50 km west of Thunder Bay, at surface and adjacent to the Trans-Canada highway. To date, the gold deposit is 2.5 km long, from surface to 300 m depth. Highlights include drill intercepts such as 5.92 g/t Au over 31 m (incl. 14.8 g/t Au over 11.9 m), and 1.79 g/t Au over 128.5 m. The property covers 308 square kilometres where Delta has identified multiple corridors of intense alteration and deformation, on strike with, and to the south of the Eureka gold zone and that has yet to be thoroughly explored.

ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.

Frank Candido
Chairman
www.deltaresources.ca

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not approved nor disapproved of the information contained herein.

For Further Information:

Contact Delta Resources Limited

Frank Candido, Chairman
Tel: 514-969-5530
fcandido@deltaresources.ca

or

Andre Tessier, President and CEO
Tel: 613-328-1581
atessier@deltaresources.ca

Cautionary Note Regarding Forward-Looking Information

Some statements contained in this news release are "forward-looking information" within the meaning of Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases (including negative or grammatical variations) or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Investors are cautioned that forward-looking information is inherently uncertain and involves risks, assumptions and uncertainties that could cause actual facts to differ materially. There can be no assurance that future developments affecting the Company will be those anticipated by management. The forward-looking information contained in this press release constitutes management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238113

FAQ

How many warrants is Delta Resources (DTARF) extending the exercise period for?

Delta Resources is extending the exercise period for 2,500,000 warrants.

What is the exercise price of Delta Resources' (DTARF) extended warrants?

The warrants are exercisable at $0.18 per common share.

When is the new expiry date for Delta Resources' (DTARF) warrants?

The new proposed expiry date for the warrants is July 23, 2025.

When were the original Delta Resources (DTARF) warrants issued?

The warrants were originally issued through a private placement that closed on January 31, 2023.