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DLP Resources ( (TSE:DLP) ) has provided an announcement.
DLP Resources Inc., based in Cranbrook, British Columbia, has announced a private placement financing agreement with Paradigm Capital Inc. to raise up to $10 million. The financing will be through a brokered offering of units, each consisting of one common share and a half warrant, and a non-brokered private placement. The proceeds will be used for exploration, a preliminary economic assessment of the Aurora Property, and general corporate purposes. The offering is expected to close by June 24, 2025, subject to regulatory approvals.
The most recent analyst rating on (TSE:DLP) stock is a Buy with a C$0.56 price target. To see the full list of analyst forecasts on DLP Resources stock, see the TSE:DLP Stock Forecast page.
More about DLP Resources
Average Trading Volume: 60,182
Technical Sentiment Signal: Buy
Current Market Cap: C$46.5M
See more data about DLP stock on TipRanks’ Stock Analysis page.