Delta Gold Corporation

Delta Gold Corporation

February 26, 2015 14:47 ET

Delta Gold Corporation Announces First Quarter 2015 Financial Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 26, 2015) - Delta Gold Corporation (the "Company") (TSX VENTURE:DLT) reports that it has filed on SEDAR ( its condensed interim consolidated financial statements and related management discussion and analysis ("MD&A") for the three months ended December 31, 2014.

Overall, the Company reported a loss and comprehensive loss for the year of $145,941 compared with a loss of $340,854 during the same period of the previous year.

At December 31, 2014 Delta had working capital of $3.8 million which included cash and cash equivalents of $2.8 million.

Delta Gold's CEO, Marco Romero, stated:

"On December 30th, 2014, Delta agreed to terminate its Arrangement Agreement with Commonwealth Silver and Gold Mining Ltd and on February 23, received repayment of the $1,050,000 promissory note and interest of $111,359 related to the Agreement."

"At the Imperial Project, we continue to actively consult with local community interests. Delta is focused on advancing its business plan by building collaborative relationships that will allow the Company to prudently advance the Project's evaluation and development in an environmentally and socially responsible manner."

"We have also resumed our search for new opportunities with near term value creation potential".

Delta Gold Corporation is a development stage mining company with the goal of building a successful mid-tier precious metal producer committed to industry-leading technical and ethical best practices. Our business strategy is to identify and evaluate mineral investment opportunities located in favourable jurisdictions and settings, and to prudently acquire and develop projects that are economically, socially and environmentally viable.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this 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