Dalradian Provides Block Listing Update
TORONTO, ONTARIO--(Marketwired - September 27, 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 updates and
changes on August 15, 2015 and May 20, 2016.
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Name of company Dalradian Resources Inc.
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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
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Period of return From: 20 May, 2016
To: 27 September, 2016
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Balance under scheme(s) from 28,047,299 common shares
previous return:
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The amount by which the block Nil
scheme(s)
has been increased during the
period:
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Number and class of securities 864,340 common shares pursuant to broker warrants issued in
issued under the scheme(s) connection with the bought deal offering completed on 31 July 2014
during the period:
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Number and class of securities Nil
issued under the scheme(s)
which expired during the
period:
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Balance under the scheme(s) of Warrants issued to two landowners on 1 January 2012 40,000
securities not yet issued at
the end of the period
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Warrants issued to two landowners on 1 January 2013 50,000
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Warrants issued in connection with the bought deal 9,602,500
offering completed on 31 July 2014
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Warrants issued in connection with the non-brokered 5,599,999
private placement completed on 31 July 2014
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Total 15,292,499
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Number and class of securities Block listing of up to 28,047,299 common shares each in the Company
originally admitted and the admitted to trading on AIM on 6 February 2015, as follows:
date of admission
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Warrants issued to two landowners on 1 January 2011 30,000
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Warrants issued to two landowners on 1 January 2012 40,000
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Warrants issued to two landowners on 1 January 2013 50,000
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Warrants issued in connection with the bought deal 9,710,250
offering completed on 19 February 2014
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Broker warrants issued in connection with the bought 1,190,250
deal offering completed on 19 February 2014
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Warrants issued in connection with the bought deal 9,602,500
offering completed on 31 July 2014
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Broker warrants issued in connection with the bought 1,152,300
deal offering completed on 31 July 2014
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Warrants issued in connection with the non-brokered 5,599,999
private placement completed on 31 July 2014
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Broker warrants issued in connection with the non- 672,000
brokered private placement completed on 31 July 2014
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Admitted to trading on AIM on 15 August 2015, as
follows:
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Warrants issued in connection with the bought deal 9,581,650
offering completed on 19 February 2014
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Broker warrants issued in connection with the bought 1,002,429
deal offering completed on 19 February 2014
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Warrants issued in connection with the private placing 81,822
completed on 31 July 2014
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Admitted to trading on AIM on 20 May 2016, as follows:
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Broker warrants issued in connection with the bought 187,821
deal offering completed on 19 February 2014
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Broker warrants issued in connection with the bought 287,960
deal offering completed on 31 July 2014
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Broker warrants issued in connection with the private 590,178
placement completed on 31 July 2014
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Contact details Marla Gale
Vice President, Communications
+1 416 583 5622
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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 completing 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 (960 metres of development with associated test stoping).
In May 2016, Dalradian announced an updated mineral resource estimate for Curraghinalt, including a 109% increase
in gold ounces contained in the Measured and Indicated categories compared with the 2014 resource. The current
resource consists of 2.1 million ounces of contained gold in the Measured and Indicated categories (5.61 million
tonnes at 11.61 g/t) and 2.3 million ounces of contained gold in the Inferred category (7.13 million tonnes at
10.06 g/t gold). For further information, see the NI 43-101 technical report entitled, "Technical Report for the
Northern Ireland Gold Project, Northern Ireland", dated June 17, 2016 and prepared by Dr. Jean-Francois Couture,
PGeo (APGO#0197) and Dr. Oy Leuangthong, PEng (PEO#90563867), both of SRK Consulting (Canada) Inc. and Stacy
Freudigmann, PEng (APEGBC #33972) of JDS Energy & Mining Inc.
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.