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Dalradian receives C$20M from warrant exercises

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Dalradian receives C$20M from warrant exercises

Dalradian Resources Inc. said Oct. 12 that it secured C$20 million of proceeds from the exercise of its previously issued warrants.

The proceeds include C$6.5 million from warrants exercised by Osisko Gold Royalties Ltd. and C$386,100 from warrants exercised by the company's officers and directors.

In total, 50,183,000 warrants were exercised, about 99.7% of the issued warrants issued Oct. 7.

Following the warrant exercises, the company will have 302,036,596 common shares on issue.