Delrand Resources Limited

Delrand Resources Limited

June 30, 2015 22:41 ET

Delrand Decides to Voluntarily Delist From the TSX

TORONTO, ONTARIO--(Marketwired - June 30, 2015) - Delrand Resources Limited ("Delrand" or the "Company") (TSX:DRN)(JSE:DRN) announces that it is voluntarily delisting its common shares from the Toronto Stock Exchange (the "TSX"). The Company expects to delist from the TSX around August 10, 2015. The Company decided to take this action after concluding that the disadvantages of maintaining its listing on the TSX outweighed the benefits to the Company and its shareholders. Among the factors considered were the ongoing costs and expenses, both direct and indirect, associated with having the Company's common shares listed on the TSX. The Company believes that continued distress in the minerals sector will result in opportunities that will be beneficial to shareholders, and that having regard to current conditions in the minerals sector the Company should for now limit its expenses, of which costs relating to the TSX listing are components. The Company is following a prudent strategy and does not want to engage in activities and incur related expenses solely in order to meet TSX continued listing requirements.

The Company intends to make application to list its common shares on the Canadian Securities Exchange.

Delrand is an African-focused mineral explorer. Led by an experienced board and management team with a successful track record of exploration and mine development in Africa, the Company works in a systematic and responsible manner to discover, assess and develop mineral resources for the benefit of its shareholders and local stakeholders.

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