Dr. J. David Lowell

July 15, 2015 14:10 ET

Acquisition of Shares and Warrants of Mission Gold Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 15, 2015) - Dr. J. David Lowell ("Lowell") announces that he has acquired control and direction over of an aggregate of 6,089,757 common shares (the "Shares") and 651,511 common share purchase warrants (the "Warrants") of Mission Gold Ltd. (TSX VENTURE:MGL) (formerly Delta Gold Corporation) (the "Company") in connection with the business combination between CIC Resources Inc. ("CIC") and the Company. Each Warrant entitles the holder to purchase one common share of the Company at a price of $0.50 until July 9, 2020.

The Shares and Warrants together represent 13.35% of the Company's issued and outstanding common shares on a non-diluted basis or 13.18% of the Company's issued and outstanding common shares calculated on a partially-diluted basis assuming the exercise of the Warrants.

The Shares and Warrants were acquired for investment purposes and Dr. Lowell intends to evaluate the investment in the Company and to increase or decrease securityholdings in the Company from time to time as he may determine is appropriate for investment purposes.

A copy of the early warning report relating to Lowell's acquisition will be available under the Company's profile on SEDAR. A copy of the early warning report being filed by Lowell may also be obtained by contacting the Company at 604.628.1102.

Contact Information

  • Mission Gold Ltd.