DLP Resources closes $6 million brokered equity private placement
Counsel to the Agent regarding a $6 million equity private placement by DLP Resources Inc.
Led by
Team members
On May 21, 2026, DLP Resources Inc. (TSXV: DLP) (the “Company”) announced that it completed a “best efforts” private placement for gross proceeds of $6 million, which includes the exercise in full of the agent’s option. The Company sold 24,000,000 units at a price of $0.25 per unit. Red Cloud Securities Inc. (the “Agent”) acted as sole agent and bookrunner in connection with the private placement.
The Company is a mineral exploration company operating in Southeastern British Columbia and Peru, exploring for base metals and cobalt.
The private placement was completed pursuant to the “listed issuer financing” exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption.
Miller Thomson advised the Agent with a team comprised of Jonathan Tong, Geoff Clarke, Mack Hosseinian, Connor Broude and Calvin Wang (Securities & Capital Markets), along with the assistance of Sean Kim and Abby Sasitharan (Articling students).