Delta Gold Corporation

Delta Gold Corporation

August 21, 2013 16:30 ET

Delta Gold Corporation Announces Third Quarter Financial Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 21, 2013) - Delta Gold Corporation (the "Company") (TSX VENTURE:DLT) reports that it has filed on SEDAR ( its unaudited condensed interim consolidated financial statements and related management discussion and analysis ("MD&A") for three and nine months ended June 30, 2013.

With the recent financings and the cash contributed from the ADR amalgamation the Company had a cash and cash equivalents balance of $5.9 million at June 30, 2013.

The Company completed the amalgamation with ADR Capital Corp. and related financings during February 2013. The financing provided gross proceeds of $5.0 million. The amalgamation purchase price (the total fair value of the consideration less the total fair value of the identifiable nets assets acquired) resulted in a net loss of $1.0 million, which significantly contributed to the net loss for the nine months ended June 30, 2013.

Overall, the Company reported a net loss of $0.6 million and $2.6 million for the current three and nine months periods compared with $1.0 million and $2.8 million for the comparative periods.

Delta Gold Corp. is a development stage mining company whose goal is to build a successful mid-tier gold producer committed to industry-leading technical, environmental and social 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