Delrand Resources Ltd. said June 7 that it raised C$6.1 million through the placement of 7,593,750 subscription receipts at 80 cents each as part of its proposed acquisition of digital entertainment company KuuHubb Oy and subsequent exit from the mining sector.

Each subscription receipt will be converted to 1 share of the company.

Upon the completion of the acquisition, Delrand intends to rename as KuuHubb Inc. and trade under the symbol KUU.V on or around June 12.