Dalradian Resources Inc.
AIM : DALR

May 20, 2016 13:22 ET

Dalradian Provides Block Listing Update

                                    Dalradian Provides Block Listing Update

TORONTO, ONTARIO--(Marketwired - May 20, 2016) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the 
"Company") announces that pursuant to Rule 29 and Schedule Six of the AIM Rules for Companies, there have been the 
following changes to the number of shares block listed in respect of the block listing of up to 28,047,299 common 
shares each in the Company admitted to trading on AIM on 6 February 2015 and its update and change on August 15, 
2015. 

----------------------------------------------------------------------------------------------------
Name of company      Dalradian Resources Inc.                                                       
----------------------------------------------------------------------------------------------------
Name of scheme(s)    Block listing of up to 28,047,299 common shares each in the Company admitted to
                     trading on AIM on 6 February 2015                                              
----------------------------------------------------------------------------------------------------
Period of return     From: 6 August, 2015                                                           
                     To: 20 May, 2016                                                               
----------------------------------------------------------------------------------------------------
Balance under        28,047,299 common shares                                                       
scheme(s) from                                                                                      
previous return:                                                                                    
----------------------------------------------------------------------------------------------------
The amount by which  Nil                                                                            
the block scheme(s)                                                                                 
has been increased                                                                                  
during the period:                                                                                  
----------------------------------------------------------------------------------------------------
Number and class of  187,821 common shares pursuant to broker warrants issued in connection with the
securities issued    bought deal offering completed on 19 February 2014                             
under the scheme(s)  287,960 common shares pursuant to broker warrants issued in connection with the
during the period:   bought deal offering completed on 31 July 2014                                 
                     590,178 common shares pursuant to broker warrants issued in connection with the
                     private placement completed on 31 July 2014                                    
----------------------------------------------------------------------------------------------------
Number and class of  30,000 common shares pursuant to warrants issued to land owners on 1 January   
securities issued    2011                                                                           
under the scheme(s)                                                                                 
which expired during                                                                                
the period:                                                                                         
----------------------------------------------------------------------------------------------------
Balance under the    Warrants issued to two landowners on 1 January 2012                      40,000
scheme(s) of                                                                                        
securities not yet                                                                                  
issued at the end of                                                                                
the period                                                                                          
                     -------------------------------------------------------------------------------
                     Warrants issued to two landowners on 1 January 2013                      50,000
                     -------------------------------------------------------------------------------
                     Warrants issued in connection with the bought deal offering           9,602,500
                     completed on 31 July 2014                                                      
                     -------------------------------------------------------------------------------
                     Broker warrants issued in connection with the bought deal               864,340
                     offering completed on 31 July 2014                                             
                     -------------------------------------------------------------------------------
                     Warrants issued in connection with the non-brokered private           5,599,999
                     placement completed on 31 July 2014                                            
                     -------------------------------------------------------------------------------
                     Total                                                                16,156,839
----------------------------------------------------------------------------------------------------
Number and class of  Block listing of up to 28,047,299 common shares each in the Company admitted to
securities           trading on AIM on 6 February 2015, as follows:                                 
                                                                                
and the date of                                                                                     
admission                                                                                           
                     -------------------------------------------------------------------------------
                     Warrants issued to two landowners on 1 January 2011                      30,000
                     -------------------------------------------------------------------------------
                     Warrants issued to two landowners on 1 January 2012                      40,000
                     -------------------------------------------------------------------------------
                     Warrants issued to two landowners on 1 January 2013                      50,000
                     -------------------------------------------------------------------------------
                     Warrants issued in connection with the bought deal offering           9,710,250
                     completed on 19 February 2014                                                  
                     -------------------------------------------------------------------------------
                     Broker warrants issued in connection with the bought deal             1,190,250
                     offering completed on 19 February 2014                                         
                     -------------------------------------------------------------------------------
                     Warrants issued in connection with the bought deal offering           9,602,500
                     completed on 31 July 2014                                                      
                     -------------------------------------------------------------------------------
                     Broker warrants issued in connection with the bought deal             1,152,300
                     offering completed on 31 July 2014                                             
                     -------------------------------------------------------------------------------
                     Warrants issued in connection with the non-brokered private           5,599,999
                     placement completed on 31 July 2014                                            
                     -------------------------------------------------------------------------------
                     Broker warrants issued in connection with the non-brokered              672,000
                     private placement completed on 31 July 2014                                    
                     -------------------------------------------------------------------------------
                     Admitted to trading on AIM on 15 August 2015, as follows:                      
                     -------------------------------------------------------------------------------
                     Warrants issued in connection with the bought deal offering           9,581,650
                     completed on 19 February 2014                                                  
                     -------------------------------------------------------------------------------
                     Broker warrants issued in connection with the bought deal             1,002,429
                     offering completed on 19 February 2014                                         
                     -------------------------------------------------------------------------------
                     Warrants issued in connection with the private placing completed         81,822
                     on 31 July 2014                                                                
                     -------------------------------------------------------------------------------
                     Total                                                                38,713,200
----------------------------------------------------------------------------------------------------
Contact details      Marla Gale                                                                     
                     Vice President, Communications                                                 
                     +1 416 583 5622                                                                
----------------------------------------------------------------------------------------------------

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. The Company is in the midst of a work 
program in support of a planning (permitting) application for construction of an operating mine at Curraghinalt. 
Components of the program include a feasibility study, an environmental and social impact assessment and 
underground exploration (at least 950 metres of development with associated test stoping).

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 20 7523 8000

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking information" which may include, but is not limited to, statements with 
respect to the 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, the realization of mineral resource 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 economics 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 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 development programs, that skilled personnel and contractors 
will be available as Dalradian's operations continue to grow, 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 estimates and current mine plans, that the assumptions 
contained in the Company's Preliminary Economic Assessment are accurate and complete, that results from the infill 
drilling program continue to be positive, that the mineral resource update is positive, that the results of the 
Environmental and Social Impact Assessment and the Feasibility Study 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.

Contact Information

  • Dalradian Resources Inc.