Delrey Metals Announces Private Placement Proceeds Up to $1,500,000

Delrey Metals

Exciting news for Vancouver-based Delrey Metals (CSE:DLRY) (OTCPK:DLRYF), as the mineral exploration company just announced the raising of significant proceeds through a non-brokered private placement. The transaction will see Delrey issue 11,000,000 flow-through units at a price of $0.1001 each, as well as 5,000,000 non-flow-through units at a price of $0.08 each. Together, the gross proceeds of the private placement will total up to $1,500,000.

All proceeds from the flow-through units will be used to pay for exploration on Delrey’s several Canadian properties, while some proceeds from the non-flow-through units will also go towards general working ...

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