Delta Gold Corporation

April 22, 2013 16:40 ET

Delta Gold Corporation Announces Board Additions and Results of Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 22, 2013) - Delta Gold Corporation (the "Company") (TSX VENTURE:DLT) is pleased to announce the results of its Annual General Meeting ("AGM") held on April 19, 2013.

The Company welcomed Jill Leversage to the Board of Directors. Marco A. Romero, the Company's President and Chief Executive Officer, was also elected to the Board. They join re-elected members: Colin K. Benner, John P.A. Budreski, William Myckatyn and Roman Shklanka.

Ms. Leversage is presently a Managing Director at Highland West Capital, a Vancouver based merchant bank. Previously, she was the Team Leader and Managing Director of TD Securities' Vancouver corporate and investment banking team. Ms. Leversage has over 25 years of experience successfully executing numerous debt and equity financings and merger & acquisition advisory assignments for many BC-based companies. Prior to her time at TD, she served as Managing Director at RBC Capital Markets and Head of the Alternative Energy Sector for North America. Ms. Leversage presently serves as Chair of the BC Innovation Council. She is also a Director of Partnerships BC and Eagle Star Minerals Corp. Ms. Leversage is a Fellow of the Institute of Chartered Accountants of BC, holds a CBV designation from the Canadian Institute of Chartered Business Valuators and obtained a Bachelor of Commerce from the University of Calgary.

At the AGM, shareholders approved the next share payment to Goldcorp USA Inc. (a subsidiary of Goldcorp Inc.) under the Imperial Property Option Agreement, which may result in Goldcorp USA Inc. becoming a new Control Person of the Company, as such term is defined in the policies of the TSX Venture Exchange. The Company's New Share Option Plan was also approved.

Details of the New Share Option Plan and the Imperial Option Agreement are in the Company's Management Information Circular dated March 15, 2013 and are available at or by contacting the Company.

At a board meeting held after the AGM, the Company granted 6,150,000 share purchase options to directors and employees with an exercise price of $0.12 and which expire on April 18, 2018.

About Delta Gold:

Delta Gold Corporation is a Canadian company whose goal is to build a successful mid-tier gold producer committed to industry-leading best practices. Our business strategy is to identify and evaluate mineral investment opportunities located in favourable jurisdictions and settings, and to prudently acquire and advance those projects that are economically, socially and environmentally viable. We strive to generate superior returns for our shareholders and for the communities in which we operate.

The Exchange has in no way passed upon the merits of the proposed Qualifying Transaction and has neither approved nor disapproved the contents of this news release.

Forward-Looking Statements

This document may contain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Contact Information

  • Delta Gold Corporation
    Marco Romero
    President & CEO
    604-681-2020, ext. 101