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Last C$0.09 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 5:00 PM 06/10/15 All times are local (Market data is delayed by at least 15 minutes).

delrand resources ltd (DRN) Snapshot

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52 Week High
11/17/14 - C$0.95
52 Week Low
06/8/15 - C$0.06
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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 Decides To Voluntarily Delist From TSX

Delrand Resources Limited announced that it is voluntarily delisting its common shares from the Toronto Stock Exchange (TSX). The Company expects to delist from the TSX around August 10, 2015. The Company decided to take this action after concluding that the disadvantages of maintaining its listing on the TSX outweighed the benefits to the Company and its shareholders. Among the factors considered were the ongoing costs and expenses, both direct and indirect, associated with having the Company's common shares listed on the TSX. The Company believes that continued distress in the minerals sector will result in opportunities that will be beneficial to shareholders, and that having regard to current conditions in the minerals sector the Company should for now limit its expenses, of which costs relating to the TSX listing are components. The Company is following a prudent strategy and does not want to engage in activities and incur related expenses solely in order to meet TSX continued listing requirements. The Company intends to make application to list its common shares on the Canadian Securities Exchange.

Delrand Resources Limited Reports Unaudited Condensed Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015

Delrand Resources Limited reported unaudited condensed consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company has posted net loss and comprehensive loss of CAD 90,682 against CAD 74,819 a year ago. Net cash used in operating activities was CAD 114,312 against CAD 14,378 a year ago. For the nine months, the company has posted net loss and comprehensive loss of CAD 4,121,986 against CAD 176,383 a year ago. Basic and diluted loss per share was CAD 0.19 against CAD 0.01 a year ago. Adjustments for headline loss per share were CAD 0.11. Net cash used in operating activities was CAD 565,675 against CAD 153,912 a year ago. Expenditures on exploration and evaluation was CAD 19,859 against CAD 286,891 a year ago.

TSX Reviews The Common Shares Of Delrand Resources With Respect To Meeting The Continued Listing Requirements

TSX is reviewing the common shares of Delrand Resources Limited with respect to meeting the continued listing requirements. The Company has been granted 120 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process.


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