Last C$0.31 CAD
Change Today 0.00 / 0.00%
Volume 0.0
DRN On Other Exchanges
Symbol
Exchange
Toronto
Berlin
OTC US
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As of 4:10 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

delrand resources ltd (DRN) Snapshot

Open
C$0.36
Previous Close
C$0.31
Day High
C$0.36
Day Low
C$0.31
52 Week High
11/17/14 - C$0.95
52 Week Low
03/3/14 - C$0.28
Market Cap
6.8M
Average Volume 10 Days
7.4K
EPS TTM
--
Shares Outstanding
21.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DELRAND RESOURCES LTD (DRN)

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delrand resources ltd (DRN) Details

Delrand Resources Limited engages in the acquisition, exploration, and development of mineral properties in the Democratic Republic of the Congo (DRC). It primarily explores for diamonds, as well as for iron ores. The company has interests in the DRC North Project consisting of four exploration permits located in Orientale Province in northeastern DRC; and Tshikapa project located in the south-western part of the Kasai Occidental province of the DRC. It also has an agreement with Rio Tinto Minerals Development Limited for the exploration of iron ore in the areas of the southern DRC. The company was formerly known as BRC DiamondCore Ltd. and changed its name to Delrand Resources Limited in June 2011. Delrand Resources Limited was incorporated in 1990 and is headquartered in Toronto, Canada.

6 Employees
Last Reported Date: 09/29/14
Founded in 1990

delrand resources ltd (DRN) Top Compensated Officers

Chief Executive Officer, Director and Chairma...
Total Annual Compensation: --
President and Director
Total Annual Compensation: C$96.3K
Vice President of Finance and Director
Total Annual Compensation: C$16.1K
Compensation as of Fiscal Year 2014.

delrand resources ltd (DRN) Key Developments

Delrand Resources Limited Reports Unaudited Consolidated Earnings Results for the Three Months and Six Months Ended December 31, 2014

Delrand Resources Limited reported unaudited consolidated earnings results for the three months and six months ended December 31, 2014. For the three months, the company reported net loss of CAD 3,458,000 or CAD 0.16 per basic and diluted share against CAD 56,000 CAD 0.00 per basic and diluted share a year ago. The increase in net loss was mainly due to an impairment of deferred exploration expenditures of CAD 2,353,315 during the three months period ended December 31, 2014 and increased legal and consulting fees pertaining to the VoiceTrust transaction. Adjustments for headline loss per share were CAD 0.11 against loss of CAD 0.00 a year ago. Headline loss per share was CAD 0.05 against CAD 0.00 a year ago. Net cash used in operating activities was CAD 279,448 against CAD 48,905 a year ago. Expenditures on exploration and evaluation were CAD 15,491 against CAD 148,479 a year ago. For the six month periods ended December 31, 2014, the company reported a net loss of CAD 4,031,304 or CAD 0.19 per basic and diluted share against CAD 101,564 or CAD 0.00 per basic and diluted share a year ago. The higher loss in the three and six month periods ended December 31, 2014 is mainly the result of higher legal and consulting fees relating to the VoiceTrust transaction and an impairment loss of CAD 2,353,315 for the deferred exploration costs of the Northern DRC Project. Adjustments for headline loss per share were CAD 0.11 against loss of CAD 0.00 a year ago Headline loss per share was CAD 0.08 against CAD 0.00 a year ago. Net cash used in operating activities was CAD 451,363 against CAD 139,534 a year ago. Expenditures on exploration and evaluation were CAD 19,859 against CAD 208,399 a year ago.

Delrand Resources Limited Announces Management Changes

Delrand Resources Limited (Delrand) announced that at an annual and special meeting of shareholders held earlier Dec. 8, 2014, Delrand's shareholders approved the previously announced change of business transaction and concurrent private placement. Contemporaneously with the completion of the Transactions, each of Messrs. Michiel C.J. de Wit, Geoffrey G. Farr, Brian P. Scallan, and William R. Wilson will resign as a director of Delrand and each of Messrs. Alan Brousseau, Bernard Crotty, Ronald Meersschaert and Renier Lemmens will be appointed as new directors of Delrand. Messrs. Arnold T. Kondrat and Maurice J. Colson will continue to serve as directors of Delrand. In addition, Alan Brousseau will be appointed as Chief Executive Officer of Delrand, Edward F. Escubedo will be appointed as Chief Operations Officer of Delrand, Craig Loverock will be appointed as Chief Financial Officer of Delrand and Geoffrey G. Farr will continue as Corporate Secretary of Delrand. Biographies for Messrs. Brousseau, Crotty, Meersschaert, Lemmens, Escubedo and Loverock are set out in the Circular.

Delrand Resources Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014

Delrand Resources Limited reported unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company’s net loss and comprehensive loss was CAD 573,514 compared to CAD 45,781 a year ago. Basic and diluted loss per share was 0.03 cents against 0.00 cents a year ago. Headline loss per share was 0.03 cents against 0.00 cents a year ago. Net cash used in operating activities was CAD 171,915 against CAD 90,629 a year ago. Expenditures on exploration and evaluation were CAD 4,368 against CAD 59,920 a year ago.

 

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