TSXV – DLV.H
VANCOUVER, Feb. 26, 2018 /CNW/ - DLV Resources Ltd.
("DLV" or the "Company") (TSXV – DLV.H) is
pleased to announce the closing of its non-brokered private
placement (the "Private Placement") of 40,000,000 units (the
"Unit") at a price of $0.08 per unit
for total gross proceeds of $3,200,000. Each Unit consists of one common
share of the Company and one common share purchase warrant (a
"Warrant"). Each Warrant entitles the holder thereof to
acquire one common share of the Company at an exercise price of
$0.11 until February, 26, 2019. All
shares and Warrants issued pursuant to the Private Placement are
subject to a four month hold period expiring June 27, 2018.
The Company further announces that Bedrock Capital Corp.
("Bedrock"), a company owned and controlled by Paul Matysek, acquired 6,150,000 Units of the
Company pursuant to the Private Placement. Prior to the Private
Placement, Bedrock did not own any common shares of the
Company. As a result of the acquisition of securities
described above, Bedrock now owns an aggregate, 6,150,000 common
shares of the Company, representing 8.31% of the current issued and
outstanding common shares of the Company and 6,150,000 Warrants.
Bedrock would own 12,300,000 common shares, representing 15.35% of
the outstanding shares of the Company on a partially diluted basis,
assuming exercise of 6,150,000 share purchase warrants held by
Bedrock.
The net proceeds of $3,200,000
raised through the Financing will be used for general working
capital purposes.
ON BEHALF OF DLV RESOURCES LTD.
"Geir Liland"
Geir
Liland,
Chief Executive Officer
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.
SOURCE DLV Resources Ltd.
