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DLP Resources Inc. (V:DLP)

Business Focus: Specialty Mining & Metals (NEC)

Nov 22, 2022 02:45 pm ET
DLP Resources Announces Closing of First Tranche of Private Placement of Units
Cranbrook, British Columbia--(Newsfile Corp. - November 22, 2022) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the "First Tranche"), whereby the Company has completed the issuance of 3,383,200 units (each, a "Unit") at a price of $0.25 per Unit for gross proceeds of $845,800.
Nov 03, 2022 11:40 am ET
DLP Resources Announces Non-Brokered Private Placement to be Made Available to Existing Shareholders
Cranbrook, British Columbia--(Newsfile Corp. - November 3, 2022) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") announces that, further to its news release dated October 4, 2022, the Company intends to make its previously announced non-brokered private placement of up to 8,000,000 units of the Company (the "Units") at a price of $0.25 per Unit (the "Private Placement") available to existing shareholders of the Company who, as of the close of business on November 2, 2022, 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 adjust the subscriptions received on a pro-rata basis.
Oct 12, 2022 04:23 pm ET
DLP Resources Inc. Announces Issuance of Performance Shares
Cranbrook, British Columbia--(Newsfile Corp. - October 12, 2022) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") announces that, further to its news release dated August 12, 2022, the Company has completed the issuance of 300,000 common shares of the Company (the "Performance Shares") at a deemed price of $0.20 per share to Ian Gendall, President and CEO of the Company pursuant to a performance shares agreement dated December 14, 2021 in consideration for certain exploration, supervisory and geological services provided to the Company (the "Debt").
Oct 04, 2022 06:00 am ET
DLP Resources Announces AGM Results and Non-Brokered Private Placement
Cranbrook, British Columbia--(Newsfile Corp. - October 4, 2022) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") is pleased to report that all matters were approved at the Company's annual general shareholders meeting (the "Meeting") held on October 3, 2022. At the Meeting, the Company's shareholders re-elected all of the Company's current board of directors, Jim Stypula, Carol Li, Richard Zimmer, William Bennett and Don Njegovan, as well as approved the re-appointment of the Company's current auditor, De Visser Gray LLP. The Company's shareholders also approved the adoption of a 10% rolling Long Term Incentive Plan, which replaces the Company's previous stock option plan.
Sep 29, 2022 06:00 am ET
DLP Resources Intersects 123.35m of 0.49% Cu from 22.45m to 145.80m in Hole A22-001 on the Aurora Project in Southern Peru
Cranbrook, British Columbia--(Newsfile Corp. - September 29, 2022) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") announces receipt of drill results for the first 172.90m for the Aurora porphyry copper-molybdenum project in southern Peru (Figure 1). Hole A22-001 intersected 123.50m of 0.49% Cu, 36.49ppm Mo and 4.20ppm Ag from 22.45m to 145.80m (Table 1).
Sep 19, 2022 06:00 am ET
DLP Resources Announces Exploration Update & Closing of Oversubscribed Private Placement of Flow-Through Shares
Cranbrook, British Columbia--(Newsfile Corp. - September 19, 2022) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") is pleased to announce that drilling of the first hole, A22-001, at the Aurora copper-molybdenum project in Peru is at a depth of 188m with good visual copper mineralization throughout. Drilling of five holes at the Hungry Creek project and one hole at the Copper Creek project in SE BC has been completed with copper results awaited from the sampling of copper mineralization observed in the holes.
Aug 15, 2022 06:00 am ET
DLP Resources Announces Receipt of Water Permit for the Aurora Copper-Molybdenum Project in Peru, Drilling to Commence
Cranbrook, British Columbia--(Newsfile Corp. - August 15, 2022) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") announces receipt of water permit for the Aurora porphyry copper-molybdenum project in Peru and the commencement of a programmed 5000m (~ 8 holes) diamond drill programme for phase 1.
Aug 12, 2022 01:06 pm ET
DLP Resources Announces Proposed Performance Shares
Cranbrook, British Columbia--(Newsfile Corp. - August 12, 2022) - DLP Resources Inc. (TSXV:DLP) (OTCQB:DLPRF) (the "Company") is pleased to announce that, pursuant to a performance shares agreement dated November 25, 2021 (the "Agreement") with Ian Gendall, President of the Company and a Non-Arm's Length Party (as defined under the policies of the TSX Venture Exchange), the Company has agreed to issue 300,000 common shares of the Company (the "Performance Shares") at a deemed price of $0.20 per share to Mr. Gendall, being equal to the closing price of the common shares of the Company on the date prior to the date of the Agreement. The total dollar value of the Performance Shares to be issued is $60,000.
Jul 28, 2022 06:00 am ET
DLP Resources Announces Commencement of Drilling at Hungry Creek, Copper-Cobalt Project, Private Placement of Flow-Through Shares & Grant of Stock Options
Cranbrook, British Columbia--(Newsfile Corp. - July 28, 2022) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") announces the start of a 1800m-six hole diamond drill programme at the Hungry Creek, 711 copper target zone.
Jul 11, 2022 06:00 am ET
DLP Resources Announces Receipt of Drill Permit for Hungry Creek - 711 Target Zone and Appoints Allan Frame to the Advisory Board
Cranbrook, British Columbia--(Newsfile Corp. - July 11, 2022) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") announces receipt of drill permit for the Hungry Creek, 711 target zone and appoints Allan Frame to the Advisory Board. Drilling of 1800m off six drill pads on the 711-target zone is expected to commence in the next two weeks.
Jun 09, 2022 06:00 am ET
DLP Resources Inc. Announces Exploration Update
Cranbrook, British Columbia--(Newsfile Corp. - June 9, 2022) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") announces temporary abandonment of drilling Hole MD22-01 on the Moby Dick property due to structural complications intersected at 1305m depth.
May 17, 2022 06:00 am ET
Apr 12, 2022 06:00 am ET
DLP Resources Announces Commencement of Drilling on the Moby Dick Project - SE BC
Cranbrook, British Columbia--(Newsfile Corp. - April 12, 2022) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") is pleased to announce that drilling has commenced on the Moby Dick project in SE British Columbia, Canada.
Mar 03, 2022 06:00 am ET
DLP Resources Announces Exploration Update and Proposed Extension of Warrants
Cranbrook, British Columbia--(Newsfile Corp. - March 3, 2022) - DLP Resources Inc. ("DLP" or the "Company") (TSXV: DLP) (OTCQB: DLPRF) is pleased to announce an exploration update.
Jan 18, 2022 01:28 pm ET
DLP Resources Announces Appointment of New CEO
Cranbrook, British Columbia--(Newsfile Corp. - January 18, 2022) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (the "Company") is pleased to announce that Ian Gendall, President of the Company, has been promoted to Chief Executive Officer, with Jim Stypula voluntarily stepping into the role of Executive Chairman. Mr. Gendall will continue to act as President of the Company and Mr. Stypula will continue to serve on the Company's board of directors.
Dec 29, 2021 05:00 pm ET
DLP Resources Announces Closing of Oversubscribed Private Placement of Flow-Through Units
Cranbrook, British Columbia--(Newsfile Corp. - December 29, 2021) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement"), whereby the Company has completed the issuance of 3,120,000 flow through units (each, a "FT Unit") at a price of $0.25 per FT Unit for gross proceeds of $780,000.
Dec 03, 2021 02:07 pm ET
DLP Announces Update on Proposed Flow-Through Private Placement
Cranbrook, British Columbia--(Newsfile Corp. - December 3, 2021) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (the "Company") announces, further to its news release dated November 9, 2021, the Company now intends to complete an offering (the "Private Placement") of up to 2,000,000 flow-through units (each, a "FT Unit") at a price of $0.25 per FT Unit for gross proceeds of $500,000. Each FT Unit will be comprised of one flow-through share and one-half of one non-transferable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.40 per share for a period of 2 years from the date of issuance.
Nov 30, 2021 06:00 am ET
DLP Resources Announces Exploration and Corporate Update
Cranbrook, British Columbia--(Newsfile Corp. - November 30, 2021) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") is pleased to announce an exploration and corporate update.
Nov 26, 2021 04:35 pm ET
DLP Resources Announces Proposed Shares for Services Transaction
Cranbrook, British Columbia--(Newsfile Corp. - November 26, 2021) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (the "Company") is pleased to announce the Company has entered into an agreement for services dated November 25, 2021 (the "Agreement") with Ian Gendall, who is President of the Company and a Non-Arm's Length Party (as defined under the policies of the TSX Venture Exchange). Pursuant to the Agreement, in full satisfaction for certain exploration, supervisory and geological related services provided to the Company, the Company has agreed to issue 300,000 common shares of the Company (the "Shares") at a deemed price of $0.20 per Share, being equal to the closing price of the common shares of the Company on the date prior to the date of the Agreement. The total dollar value of the Shares to be issued is $60,000.
Nov 09, 2021 06:00 am ET
DLP Resources Announces Drilling to Commence on Moby Dick and NZOU, Sullivan-type Zn-Pb-Ag Targets and Private Placement of Flowthrough Shares
Cranbrook, British Columbia--(Newsfile Corp. - November 9, 2021) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (the "Company") is pleased to announce that drilling is to commence in mid-November on Sullivan-type Zn-Pb-Ag targets on the Moby Dick and NZOU projects (Figure 1).
Oct 25, 2021 06:00 am ET
DLP Resources Announces Quotation on the OTC Market
Cranbrook, British Columbia--(Newsfile Corp. - October 25, 2021) - DLP Resources Inc. (TSXV: DLP) (the "Company") is pleased to announce that as of mid-October, 2021, its common shares have been quoted on the OTCQB Venture Market ("OTCQB") in the United States ("U.S.") under the symbol "DLPRF". The Company's common shares will continue to trade on the TSX Venture Exchange under the symbol "DLP".
Oct 08, 2021 03:25 pm ET
DLP Resources Announces Closing of Private Placement of Flow-Through Shares
Cranbrook, British Columbia--(Newsfile Corp. - October 8, 2021) -  DLP Resources Inc. (TSXV: DLP) (the "Company") is pleased to announce that it has closed its non-brokered private placement (the "Private Placement"), whereby the Company has completed the issuance of 170,000 flow-through common shares (each, a "FT Share") at a price of $0.30 per FT Share for gross proceeds of $51,000.
Sep 16, 2021 08:30 am ET
DLP Stakes a Massive Land Position with an Addition of 454.91km2 of Sediment-Hosted Stratiform Copper-Cobalt-Silver Targets Following the Hungry Creek Drilling
Cranbrook, British Columbia--(Newsfile Corp. - September 16, 2021) - DLP Resources Inc. (TSXV: DLP) (the "Company") is pleased to announce that following the completion of the two drill holes on the Hungry Creek project an additional 45,491.02 Ha have been staked. An additional 34,361.28 Ha's have been added to the original Hungry Creek land package and 11,129.74 Ha's staked north of Kimberley, BC now called the Copper Creek Project (Figure 1).
Aug 10, 2021 03:19 pm ET
DLP Resources Announces Closing of Private Placement of Flow-Through Shares
Cranbrook, British Columbia--(Newsfile Corp. - August 10, 2021) - DLP Resources Inc.  (TSXV: DLP) (the "Company") is pleased to announce that it has closed its non-brokered private placement (the "Private Placement"), whereby the Company has completed the issuance of 1,000,001 flow through common shares in the capital of the Company (each, a "FT Share") at a price of $0.30 per FT Share for gross proceeds of $300,000.30.
Jul 15, 2021 06:00 am ET
DLP Announces Mobilization of Drill Rig to Hungry Creek Copper-Cobalt Project to Commence a Two Hole Drill Program of 800m and Private Placement of Flow-Through Shares
Cranbrook, British Columbia--(Newsfile Corp. - July 15, 2021) - DLP Resources Inc. (the "Company") (TSXV: DLP) is pleased to announce that drilling of the Hungry Creek project (the "Hungry Creek Project") is to commence within the week of July 19. A drill rig is being mobilized to site and two 400m holes for a total of 800m is planned to test a copper-cobalt target identified in January 2020. The Hungry Creek Project is approximately 33km WNW of Kimberley in SE British Columbia.
Jun 28, 2021 06:00 am ET
DLP Resources Announces Results of Drilling DD21-02 on the DD Property
Extensive thickness (168m) of Sullivan Horizon fragmentals intersected with 7.6m of Sullivan muds containing disseminated zinc
Jun 23, 2021 02:54 pm ET
DLP Resources Announces Closing of Private Placement of Units
Cranbrook, British Columbia--(Newsfile Corp. - June 23, 2021) - DLP Resources Inc. (TSXV: DLP) (the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement"), whereby the Company has completed the issuance of 4,333,967 units (each, a "Unit") at a price of $0.30 per Unit for gross proceeds of $1,300,190.10.
May 19, 2021 07:27 pm ET
DLP Resources Announces Non-Brokered Private Placement to be Made Available to Existing Shareholders
Cranbrook, British Columbia--(Newsfile Corp. - May 19, 2021) - DLP Resources Inc. (TSXV: DLP) ("DLP" or the "Company") announces that, further to its news release dated May 18, 2021, the Company intends to make its previously announced non-brokered private placement of up to 6,666,667 units of the Company (the "Units") at a price of $0.30 per Unit (the "Private Placement") available to existing shareholders of the Company who, as of the close of business on May 18, 2021, 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 adjust the subscriptions received on a pro-rata basis.
May 18, 2021 06:00 am ET
DLP Resources Signs Letter of Intent to Option 100% of the Advanced Stage Aurora Porphyry Copper-Molybdenum Project, Peru and Announces Non-Brokered Private Placement
Cranbrook, British Columbia--(Newsfile Corp. - May 18, 2021) - DLP Resources Inc. (TSXV: DLP) ("DLP" or the "Company") is pleased to announce that it has signed a letter of intent with SMRL Parobamba II ("SP II") whereby DLP can acquire a 100% interest (the "Option") in the Aurora porphyry copper-molybdenum deposit (the "Aurora Project").
May 03, 2021 03:49 pm ET
DLP Resources Announces Closing of Private Placement of Flow-Through Shares
Cranbrook, British Columbia--(Newsfile Corp. - May 3, 2021) -  DLP Resources Inc. (TSXV: DLP) (the "Company") is pleased to announce that it has closed its non-brokered private placement (the "Private Placement"), whereby the Company has completed the issuance of 1,200,000 flow through common shares (each, a "FT Share") at a price of $0.25 per FT Share for gross proceeds of $300,000.
Apr 27, 2021 01:56 pm ET
DLP Resources Announces Private Placement of Flow-Through Shares
Cranbrook, British Columbia--(Newsfile Corp. - April 27, 2021) - DLP Resources Inc. (TSXV: DLP) (the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") of up to 1,200,000 flow-through common shares (each, a "FT Share") at a price of $0.25 per FT Share for gross proceeds of $300,000.
Apr 01, 2021 06:00 am ET
DLP Resources Announces Exploration Update of Drilling on the DD Project - Strong Hydrothermal Alteration Intersected in the Sullivan Horizon in DD21-01
Cranbrook, British Columbia--(Newsfile Corp. - April 1, 2021) - DLP Resources Inc. (TSXV: DLP) is pleased to announce drilling of Hole DD21-01 on the Gerry Vent has been completed to a depth of 1728m (Figure 1). Strongly hydrothermally altered and sheared Sullivan horizon siltstone/argillite was intersected in the hole from 1452.46m to 1550m. Weak pyrrhotite (FeS), chalcopyrite (CuFeS2) and trace pyrite (FeS2) occur through the alteration zone with a late gabbro sill from 1498m to 1503.57m. Both top and bottom contacts were sheard and faulted with the hole entering into a 119.68m thick late gabbro sill before intersecting lower Aldridge sediments at 1674.54m. The hole ended at 1728m in weakly altered lower Aldridge sediments with tourmalinite.
Feb 18, 2021 06:00 am ET
DLP Resources Announces Signing of 190km2 Mobile MT Survey over the Hungry Creek and Aldridge 1 Projects
Cranbrook, British Columbia--(Newsfile Corp. - February 18, 2021) - DLP Resources Inc. (TSXV: DLP) is pleased to announce the signing of a 190km2 Mobile MT (magnetotelluric) survey with Expert Geophysics over the Hungry Creek and Aldridge 1 Projects (Figure 1). This survey will be flown in April-May 2021.
Feb 16, 2021 03:08 am ET
DLP Resources Announces Start of Drilling on the Gerry Vent, DD Project
Cranbrook, British Columbia--(Newsfile Corp. - February 16, 2021) - DLP Resources Inc. (TSXV: DLP) is pleased to announce that the drilling of the Gerry Vent target on the DD Property has commenced (Figure 1). Hole DD21-01 will be drilled to test the MT resistivity anomaly which coincides with the known mapped surface outcrop of albite, actinolite and tourmaline alteration within a breccia extending over an area of approximately 400m x 100m. Visible mineralization of sphalerite (Zn) and galena (Pb) occurs within the breccia.
Jan 21, 2021 08:18 pm ET
DLP Resources Announces Name Change and Vertical Amalgamation with Its Subsidiary
Cranbrook, British Columbia--(Newsfile Corp. - January 21, 2021) -  DLP Resources (2020) Limited (TSXV: DLP) (the "Company") is pleased to announce it is changing the name of the Company (the "Name Change") to "DLP Resources Inc.". The Name Change will become effective at the opening of market trading on January 26, 2021. The symbol "DLP" remains unchanged and the CUSIP number is 23291X107. The Name Change is a necessary prerequisite to the completion of a vertical amalgamation with the Company's wholly-owned subsidiary, which is expected to be completed on or about January 26, 2021. The amalgamation will streamline the Company's mining exploration activities under a single corporate entity and reduce corporate and operational expenses.
Jan 04, 2021 05:58 pm ET
MG Capital Corporation Announces Official Name Change
Cranbrook, British Columbia--(Newsfile Corp. - January 4, 2021) - MG Capital Corporation (TSXV: DLP) (the "Company") is pleased to announce that it is changing the official name of the Company (the "Name Change") to "DLP Resources (2020) Limited". The Name Change will become effective at the opening of market trading on January 7 , 2021. The symbol "DLP" remains unchanged and the CUSIP number is 23291V101.
Dec 30, 2020 06:00 am ET
MG Capital and DLP Resources Announces Closing of Private Placement of Flow-Through Shares and Staking of an Additional 93.81 km2
Cranbrook, British Columbia--(Newsfile Corp. - December 30, 2020) - MG Capital Corporation (TSXV: DLP) (the "Company"), the parent company of DLP Resources Inc. ("DLP"), is pleased to announce that it has closed its non-brokered private placement (the "Private Placement"), whereby the Company has completed the issuance of an aggregate of 3,200,000 flow through common shares (each, a "FT Share") at a price of $0.25 per share for aggregate gross proceeds of $800,000.
Dec 03, 2020 06:00 am ET
MG Capital and DLP Resources Announces Significant MT Geophysical Results on the DD, Moby Dick and NZOU Properties
Cranbrook, British Columbia--(Newsfile Corp. - December 3, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that the final results from the ~33 line km Titan magnetotelluric ("MT") ground geophysical survey by Quantec Geoscience over the DD, Moby Dick and NZOU properties have been received.
Oct 08, 2020 06:00 am ET
MG Capital and DLP Resources Intersects a Significant Thickness of Sullivan Horizon Sediments in Drill Hole AK20-02 on the Aldridge 1 Property
Cranbrook, British Columbia--(Newsfile Corp. - October 8, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that a significant, 200m, thickness of moderate to intense hydrothermally altered Sullivan Horizon (SH) sediments have been intersected in AK20-02 at a depth of 1,190m. Associated with this moderate to intense alteration of albite, garnets, silicification and trace tourmaline is weak zinc mineralization which occurs as disseminated sphalerite throughout and as veinlets together with moderate to intense amounts of pyrrhotite (iron sulphide) mineralization. A 18.0m thick fragmental unit was intersected at the top of the SH. Sampling of the mineralized zone in AK20-02 is currently underway.
Sep 11, 2020 06:00 am ET
MG Capital Corp and DLP Resources Announces Commencement of a Titan MT Geophysical Program on the DD, Moby Dick and NZOU Properties
Cranbrook, British Columbia--(Newsfile Corp. - September 11, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that a 33.7 line km Titan magnetotelluric ("MT") ground geophysical survey by Quantec Geoscience has commenced over the DD, Moby Dick and NZOU properties.
Sep 08, 2020 05:37 pm ET
MG Capital Corporation Announces Acceleration of Warrant Expiry Date
Cranbrook, British Columbia--(Newsfile Corp. - September 8, 2020) - MG Capital Corporation (TSXV: DLP) ("MG Capital" or the "Corporation") announces that the expiry date (the "Expiry Date") for the warrants issued on November 14, 2019 (the "Warrants"), with regard to its non-brokered private placement (see news releases dated September 26, 2019 and November 15, 2019), has been accelerated to 30 days from today's date (for a new Expiry Date of October 8, 2020). The acceleration of the Expiry Date is due to a Trigger Event (as defined in the Warrant certificates), which occurred due to the price of the common shares being equal to or greater than $0.25 for a period of 20 consecutive trading days, thereby automatically accelerating the Expiry Date of the Warrants. The Trigger event was disclosed in the private placement's news release of September 26, 2019 and in the respective Warrant certificates. The Warrants that are unexercised will expire and be of no further value at 4:30 p.m. PDT on October 8, 2020.
Aug 20, 2020 04:38 pm ET
MG Capital and DLP Resources Signs Option Agreement to Earn 100% of the NZOU Property
Cranbrook, British Columbia--(Newsfile Corp. - August 20, 2020) -  MG Capital Corporation (TSXV: DLP) ("MG" or the "Company") is pleased to announce that its wholly-owned subsidiary, DLP Resources Inc. ("DLP") has entered into an option agreement (the "Option Agreement") with 453999 BC Ltd. (the "Optionor") in relation to the NZOU (Na-zoo) property located in British Columbia (the "NZOU Property") held by the Optionor. Pursuant to the terms of the Option Agreement, the Optionor has granted to DLP the option to earn a 100% legal and beneficial interest in and to the NZOU Property (the "Option").
Aug 06, 2020 06:00 am ET
MG Capital Corp and DLP Resources Announces Completion of Drilling PAN-18-01-EX on the DD Property
Cranbrook, British Columbia--(Newsfile Corp. - August 6, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that drilling the extension of the original PAN-18-01 hole on the DD property, which was recently optioned from PJX Resources Inc., has been completed.
Jul 30, 2020 02:53 pm ET
MG Capital Corp and DLP Resources Announce Commencement of Drilling on the DD Property and Appointment of New Director
Cranbrook, British Columbia--(Newsfile Corp. - July 30, 2020) - DLP Resources Inc. (TSXV: DLP), the wholly owned subsidiary of MG Capital Corporation, is pleased to announce that drilling has commenced on the DD property which was recently optioned from PJX Resources Inc. (See news release of July 20, 2020).
Jul 29, 2020 06:00 am ET
MG Capital and DLP Resources Closes Private Placement of Flow-Through and Non-Flow-Through Shares
Cranbrook, British Columbia--(Newsfile Corp. - July 29, 2020) - MG Capital Corporation (TSXV: DLP) (the "Company"), the parent company of DLP Resources Inc., is pleased to announce that, further to its news release dated July 9, 2020, the Company has closed the non-brokered private placements (the "Placements") of 2,922,051 common shares of the Company (the "Common Shares") at a price of $0.19 per Common Share and 4,856,954 flow-through common shares of the Company (the "FT Shares") at a price of $0.23 per FT Share, for combined gross proceeds of $1,672,289 (the "Financing").
Jul 20, 2020 06:00 am ET
MG Capital and DLP Resources Sign Definitive Option Agreement to Earn up to 75% of PJX Resources' DD Property
Cranbrook, British Columbia--(Newsfile Corp. - July 20, 2020) - MG Capital Corporation (TSXV: DLP) is pleased to announce that its wholly-owned subsidiary, DLP Resources Inc. ("DLP"), and PJX Resources Inc. ("PJX") have signed a definitive option agreement in respect of DLP's option to acquire an interest in PJX's Sullivan-type Lead Zinc Silver DD Property (the "DD Property").
Jul 13, 2020 06:00 am ET
MG Capital Corp and DLP Resources Announce Receipt of Drill Permits and Appointment of New Director
Cranbrook, British Columbia--(Newsfile Corp. - July 13, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that approvals to commence work, including drilling, on the Aldridge 1, 2 and Hungry Creek properties have been received from the BC Ministry of Energy, Mines and Petroleum Resources.
Jul 09, 2020 06:00 am ET
DLP Resources Parent Company Announces Private Placement of Flow-Through and Non-Flow-Through Shares
Cranbrook, British Columbia--(Newsfile Corp. - July 9, 2020) - MG Capital Corporation (TSXV: DLP) (the "Company"), the parent company of DLP Resources Inc., is pleased to announce a non-brokered private placement of up to 2,631,578 common shares of the Company (the "Common Shares") at a price of $0.19 per Common Share and up to 4,347,826 flow-through common shares of the Company (the "FT Shares") at a price of $0.23 per FT Share, for combined gross proceeds of approximately $1,500,000 (the "Financing").
Jun 22, 2020 06:00 am ET
MG Capital and DLP Resources Signs Letter of Intent to Option up to 75% of PJX Resources' DD Property
Cranbrook, British Columbia--(Newsfile Corp. - June 22, 2020) - MG Capital Corporation (TSXV: DLP) DLP Resources Inc. ("DLP") the wholly owned subsidiary of MG Capital Corporation, and PJX Resources Inc. are pleased to announce the signing of a Letter of Intent ("LOI") to finalize a definitive Option Agreement in relation to PJX's Sullivan-type Lead Zinc Silver DD Property (or the "Property") by July 2, 2020.
Jun 01, 2020 05:00 am ET
MG Capital Corporation and DLP Resources Inc. announces Ian Gendall as President
Cranbrook, British Columbia--(Newsfile Corp. - June 1, 2020) - MG Capital Corporation (TSXV: DLP) - DLP Resources Inc. ("DLP"), the wholly owned subsidiary of MG Capital Corporation, is pleased to announce the appointment of Ian Gendall as President of DLP. Ian will be responsible for managing, designing, implementing and coordinating DLP's aggressive exploration program in the Purcell Basin of SE British Columbia, Canada.
Apr 03, 2020 03:50 pm ET
MG Capital Corporation and DLP Resources Inc. Announces Postponement of Filing of Its Condensed Interim Financial Statements
Cranbrook, British Columbia--(Newsfile Corp. - April 3, 2020) - MG Capital Corporation (TSXV: DLP) ("MG" or the "Corporation") and DLP Resources Inc. are postponing the filing and preparation of its condensed interim consolidated financial statements, as a result of the impact caused by COVID-19, for the period ended January 31, 2020 and the accompanying Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A"). In deciding to postpone the filing of the Interim Filings, the Company is relying upon the Canadian Securities Administrators' blanket relief, which, in light of recent developments relating to the Coronavirus Disease 2019 ("COVID-19") pandemic and their impact on capital market participants, provides a 45-day extension for certain periodic filings normally required to be made by reporting issuers on or before June 1, 2020 under applicable Canadian securities laws.
Mar 23, 2020 08:39 am ET
MG Capital and DLP Resources Identifies Several Geophysical Targets On the Aldridge Projects
Cranbrook, British Columbia--(Newsfile Corp. - March 23, 2020) - MG Capital Corporation (TSXV: DLP) ("MG" or the "Corporation") and its wholly owned subsidiary, DLP Resources Inc. ("DLP"), are pleased to report that the ground geophysical survey, recently completed on the Aldridge 1 and Aldridge 2 properties, has produced encouraging results on both the Aldridge 1 and Aldridge 2 properties.
Jan 09, 2020 09:00 am ET
MG Capital and DLP Resources announces high grade Copper-Cobalt potential at Hungry Creek
Cranbrook, British Columbia--(Newsfile Corp. - January 9, 2020) - MG Capital Corporation (TSXV: DLP) ("MG" or the "Corporation") is pleased to report the discovery of numerous massive to semi-massive sulphide-rich boulders spread along a boulder "float train" of 2 kms determined from stream bed sampling on the Hungry Creek property.
Dec 05, 2019 10:43 am ET
MG Capital and DLP Resources Announce Promising Soil Sampling Results at Redburn Project
Cranbrook, British Columbia--(Newsfile Corp. - December 5, 2019) - MG Capital Corporation (TSXV: DLP) ("MG" or the "Corporation") is pleased to report the completion of a soil sampling program on its 100% owned Redburn copper/cobalt project. The Redburn project, held by MG's wholly-owned subsidiary, DLP Resources Inc. ("DLP"), is 53.6 sq km in area and consists of all the Redburn Creek drainage, situated 12 km NE of Golden, B.C. Geologically, the Redburn claims are within an anomalous horizon at the top of the Cambrian Chancellor Formation shales. This horizon has been traced from Elkford, B.C. to north of Golden, B.C., which hosts a massive sulphide deposit at Cummings Creek and the Kicking Horse Monarch mine at Field, B.C. These deposits are in the same horizon as the Redburn property.
Nov 26, 2019 09:00 am ET
DLP Resources Commences Geophysical Survey for high grade Sullivan Style Targets
Cranbrook, British Columbia--(Newsfile Corp. - November 26, 2019) - MG Capital Corporation (TSXV: DLP) ("MG" or the "Corporation") is pleased to announce that a ground geophysical survey has commenced on its Aldridge 1 and Aldridge 2 projects, which are located approximately 50 air miles southwest of Cranbrook, BC. The Aldridge projects, held by MG's wholly-owned subsidiary, DLP Resources Inc. ("DLP"), consist of 13 claims, totalling 4,664 hectares that cover approximately 75% of the Leadville Corridor. The Leadville Corridor is a North trending structural belt that is geologically similar to the North Star-Sullivan Corridor, which is the feeder system to the world class high grade polymetallic Sullivan orebody. The Sullivan mine produced over 285 million troy ounces of Silver, 17.6 billion lbs. of Lead, and 15.4 billion lbs. of Zinc*.
Nov 22, 2019 08:13 am ET
IIROC Trading Resumption - DLP
VANCOUVER, Nov. 22, 2019 /CNW/ - Trading resumes in: