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Dalradian Resources Inc (DNA.TO)

DNA.TO on Toronto Stock Exchange

1.45CAD
17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Orion Mine Finance To Buy Dalradian Resources for C$537 mln
Thursday, 21 Jun 2018 

June 21 (Reuters) - Dalradian Resources Inc ::RECOMMENDED CASH OFFER BY ORION MINE FINANCE TO ACQUIRE DALRADIAN RESOURCES INC..DALRADIAN RESOURCES - UNDER TERMS, EACH DALRADIAN SHAREHOLDER WILL RECEIVE CASH CONSIDERATION OF C$1.47 FOR EACH DALRADIAN SHARE HELD.DEAL VALUES DALRADIAN’S TOTAL EQUITY AT APPROXIMATELY C$537 MILLION, ON A FULLY DILUTED IN-THE-MONEY BASIS.ACQUISITION WILL BE FINANCED USING CASH ON HAND IN CO, MADE AVAILABLE TO ORION AS A LOAN, AND CASH AVAILABLE TO ORION.ORION HAS CONFIRMED THAT IT HAS SUFFICIENT CASH AVAILABLE TO FINANCE CONSIDERATION FOR TRANSACTION.DALRADIAN RESOURCES -DALRADIAN SHARES HELD BY MEMBERS OF DALRADIAN SENIOR MANAGEMENT, SEAN ROOSEN, OSISKO GOLD ROYALTIES WILL NOT BE ACQUIRED BY ORION.ARRANGEMENT AGREEMENT INCLUDES A TERMINATION FEE OF C$20 MILLION, PAYABLE BY DALRADIAN, UNDER CERTAIN CIRCUMSTANCES.  Full Article

Dalradian reports qtrly ‍net loss of $0.01 per share​
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Dalradian Resources Inc :Dalradian reports Q3 2017 results with cash of $48.8 million.Qtrly ‍net loss of $0.01 per share​.  Full Article

Osisko Gold ‍entered agreement with Dalradian resources to buy 19.2 mln Dalradian shares
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Osisko Gold Royalties Ltd :Osisko private placement & warrant exercise with Dalradian.Osisko Gold Royalties - ‍entered into agreement with Dalradian resources in which co agreed to buy 19.2 million shares of Dalradian at $1.47 per share​.Osisko Gold Royalties Ltd - upon closing of private placement, warrant exercise, co will own about 9.1% of Dalradian's issued & outstanding shares‍​.Osisko Gold Royalties Ltd - ‍has divested investment in Arizona Mining Inc for gross proceeds of $32.5 million​.  Full Article

Top Dalradian shareholder supports Orion Mine takeover offer

TORONTO M&G Investment Management, the biggest shareholder in Dalradian Resources Inc , said on Thursday it was supportive of a friendly cash takeover offer for Dalradian from private equity group Orion Mine Finance.