Dalradian Resources Inc. Dalradian Notes Possible Offer For Minco Plc
22 March 2017 - 3:19AM
UK Regulatory
TIDMDALR
Dalradian notes Possible Offer for Minco Plc
TORONTO, March 21, 2017 /Marketwired/ - Dalradian Resources Inc.
(TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") notes the
announcement made today by Minco plc ("Minco") of a possible offer for
Minco by Dalradian under Rule 2.4 of the Irish Takeover Panel Act,
Takeover Rules 2013. For a full description of the terms of the possible
offer, readers should refer to Minco's announcement under Rule 2.4 dated
March 21, 2017 which is available at the link provided below:
www.mincoplc.com
The information contained at the link provided above is not incorporated
by reference into this press release.
About Dalradian Resources Inc.
Dalradian Resources Inc. is a gold exploration and development company
that is focused on advancing its high-grade Curraghinalt Gold Project
located in Northern Ireland, United Kingdom.
For more information:
Marla Gale
Vice President Communications
+1 416 583 5622
investor@dalradian.com
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett / Richard Tonthat / Harrison Clarke
+44 (0)20 7383 5100
Canaccord Genuity Limited (Broker)
Henry Fitzgerald-O'Connor / Martin Davison
+44 (0)20 7523 8000
Responsibility Statement
The Directors of Dalradian accept responsibility for the information
contained in this announcement. To the best of their knowledge and
belief (having taken all reasonable care to ensure that such is the
case), the information contained in this announcement is in accordance
with the facts and does not omit anything likely to affect the import of
such information.
Rule 2.10 Disclosure
In accordance with Rule 2.10 of the Irish Takeover Rules, Dalradian
confirms that it has 250,042,747 Common Shares in issue and admitted to
trading on the Toronto Stock Exchange and AIM Market of the London Stock
Exchange plc. In addition there are (i) 8,981,666 options over Common
Shares, (ii) 41,047,220 Warrants over Common Shares, (iii) 1,375,000
Restricted Share Units and (iv) 294,000 Deferred Share Units
outstanding. The ISIN code for Dalradian's Common Shares is
CA2354991002.
FORWARD-LOOKING STATEMENTS
This news release contains "forward looking information" which may
include, but is not limited to, statements with respect to the possible
offer, future financial or operating performance of the Company and its
subsidiaries and its mineral project, the future price of metals, test
work and confirming results from work performed to date, the estimation
of mineral resources and mineral reserves, the realization of mineral
resource and mineral reserve estimates, the timing and amount of
estimated future production, costs of production, capital, operating and
exploration expenditures, costs and timing of the development of new
deposits, costs and timing of future exploration, requirements for
additional capital, government regulation of mining operations,
environmental risks, reclamation expenses, title disputes or claims,
limitations of insurance coverage, the timing and possible outcome of
pending regulatory matters and the realization of the expected
production, economics and mine life of the Curraghinalt gold deposit.
Often, but not always, forward looking statements can be identified by
the use of words and phrases such as "plans", "expects", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "believes" or variations (including negative
variations) of such words and phrases, or statements that certain
actions, events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved.
Forward looking statements are based on the opinions and estimates of
management as of the date such statements are made and are based on
various assumptions such as the execution of a definitive offer for the
transactions described herein, continued political stability in Northern
Ireland, that permits required for Dalradian's operations will be
obtained on a timely basis in order to permit Dalradian to proceed on
schedule with its planned exploration and mine development, construction
and production programs, that skilled personnel and contractors will be
available as Dalradian's operations commence and continue towards
production and mining operations, that the price of gold will be at
levels that render Dalradian's mineral project economic, that the
Company will be able to continue raising the necessary capital to
finance its operations and realize on mineral resource and mineral
reserve estimates and current mine plans, that the results of the
Environmental and Social Impact Assessment will be positive and that a
permitting application for mine construction will be approved.
Forward looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Dalradian to be materially different from
any future results, performance or achievements expressed or implied by
the forward looking statements. Such factors include, among others,
general business, economic, competitive, political and social
uncertainties; the actual results of current and future exploration
activities; the actual results of reclamation activities; conclusions of
economic evaluations; meeting various expected cost estimates; changes
in project parameters and/or economic assessments as plans continue to
be refined; future prices of metals; possible variations of mineral
grade or recovery rates; the risk that actual costs may exceed estimated
costs; failure of plant, equipment or processes to operate as
anticipated; accidents, labour disputes and other risks of the mining
industry; political instability; delays in obtaining governmental
approvals or financing or in the completion of development or
construction activities, as well as those factors discussed in the
section entitled "Risk Factors" in the Company's annual information
form. Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ materially
from those described in forward looking statements, there may be other
factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward looking statements contained
herein are made as of the date of this news release and the Company
disclaims any obligation to update any forward looking statements,
whether as a result of new information, future events or results, except
as may be required by applicable securities laws. There can be no
assurance that forward looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward looking statements.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Dalradian Resources Inc. via Globenewswire
http://www.dalradian.com/
(END) Dow Jones Newswires
March 21, 2017 12:19 ET (16:19 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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