August 11, 2010
Dalradian Resources Inc. (TSX:DNA, DNA.WT) completed its initial public offering of 22,700,000 units of the Company at a price of C$1.50 per unit for aggregate gross proceeds of C$34,050,000. Each unit consisted of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable to purchase one common share at an exercise price of C$2.25 per share until August 10, 2011. The common shares and warrants are listed on the Toronto Stock Exchange under the symbols "DNA" and "DNA.WT," respectively, and started trading on August 10, 2010. GMP Securities L.P. and Dundee Securities Corporation co-led the syndicate, which included Clarus Securities Inc. and Cormark Securities Inc.
Dalradian Resources Inc., through its wholly owned subsidiary, Dalradian Gold Limited, is focused on advancing the exploration and development of its Tyrone Project located in Northern Ireland.
Wildeboer Dellelce LLP acted for the agents in connection with the initial public offering with a team that included Perry Dellelce, Charlie Malone, Peter Simeon, Ted Kelterborn, Irene Kim and Andrea Kim (securities) and Kevin Fritz (tax).