MG Capital and DLP Resources Closes Private Placement of Flow-Through and Non-Flow-Through Shares
Cranbrook, British Columbia--(Newsfile Corp. - July 29, 2020) - MG Capital Corporation (TSXV: DLP) (the "Company"), the parent company of DLP Resources Inc., is pleased to announce that, further to its news release dated July 9, 2020, the Company has closed the non-brokered private placements (the "Placements") of 2,922,051 common shares of the Company (the "Common Shares") at a price of $0.19 per Common Share and 4,856,954 flow-through common shares of the Company (the "FT Shares") at a price...
2020-07-29 6:00 AM EDT
MG Capital and DLP Resources Sign Definitive Option Agreement to Earn up to 75% of PJX Resources' DD Property
Cranbrook, British Columbia--(Newsfile Corp. - July 20, 2020) - MG Capital Corporation (TSXV: DLP) is pleased to announce that its wholly-owned subsidiary, DLP Resources Inc. ("DLP"), and PJX Resources Inc. ("PJX") have signed a definitive option agreement in respect of DLP's option to acquire an interest in PJX's Sullivan-type Lead Zinc Silver DD Property (the "DD Property").The DD Property has potential to host a high-grade Sullivan style deposit that is located near Cranbrook, British Columbia, Canada. The Sullivan Deposit occurs...
2020-07-20 6:00 AM EDT
MG Capital Corp and DLP Resources Announce Receipt of Drill Permits and Appointment of New Director
Cranbrook, British Columbia--(Newsfile Corp. - July 13, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that approvals to commence work, including drilling, on the Aldridge 1, 2 and Hungry Creek properties have been received from the BC Ministry of Energy, Mines and Petroleum Resources. Ian Gendall, President of DLP commented "We are extremely excited to be able to start executing our plan of drilling the Sullivan-type Pb-Zn-Ag targets on...
2020-07-13 6:00 AM EDT
DLP Resources Parent Company Announces Private Placement of Flow-Through and Non-Flow-Through Shares
Cranbrook, British Columbia--(Newsfile Corp. - July 9, 2020) - MG Capital Corporation (TSXV: DLP) (the "Company"), the parent company of DLP Resources Inc., is pleased to announce a non-brokered private placement of up to 2,631,578 common shares of the Company (the "Common Shares") at a price of $0.19 per Common Share and up to 4,347,826 flow-through common shares of the Company (the "FT Shares") at a price of $0.23 per FT Share, for combined gross proceeds of approximately...
2020-07-09 6:00 AM EDT
MG Capital and DLP Resources Signs Letter of Intent to Option up to 75% of PJX Resources' DD Property
Cranbrook, British Columbia--(Newsfile Corp. - June 22, 2020) - MG Capital Corporation (TSXV: DLP) DLP Resources Inc. ("DLP") the wholly owned subsidiary of MG Capital Corporation, and PJX Resources Inc. are pleased to announce the signing of a Letter of Intent ("LOI") to finalize a definitive Option Agreement in relation to PJX's Sullivan-type Lead Zinc Silver DD Property (or the "Property") by July 2, 2020. The DD Property has potential to host a high-grade Sullivan style deposit...
2020-06-22 6:00 AM EDT
MG Capital Corporation and DLP Resources Inc. announces Ian Gendall as President
Cranbrook, British Columbia--(Newsfile Corp. - June 1, 2020) - MG Capital Corporation (TSXV: DLP) - DLP Resources Inc. ("DLP"), the wholly owned subsidiary of MG Capital Corporation, is pleased to announce the appointment of Ian Gendall as President of DLP. Ian will be responsible for managing, designing, implementing and coordinating DLP's aggressive exploration program in the Purcell Basin of SE British Columbia, Canada. Ian Gendall is an Exploration Geologist with a M.Sc. Exploration Geology degree from Rhodes University...
2020-06-01 5:00 AM EDT
MG Capital Corporation and DLP Resources Inc. Announces Postponement of Filing of Its Condensed Interim Financial Statements
Cranbrook, British Columbia--(Newsfile Corp. - April 3, 2020) - MG Capital Corporation (TSXV: DLP) ("MG" or the "Corporation") and DLP Resources Inc. are postponing the filing and preparation of its condensed interim consolidated financial statements, as a result of the impact caused by COVID-19, for the period ended January 31, 2020 and the accompanying Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A"). In deciding to postpone the filing of the Interim Filings, the Company is...
2020-04-03 3:50 PM EDT
MG Capital and DLP Resources Identifies Several Geophysical Targets On the Aldridge Projects
Cranbrook, British Columbia--(Newsfile Corp. - March 23, 2020) - MG Capital Corporation (TSXV: DLP) ("MG" or the "Corporation") and its wholly owned subsidiary, DLP Resources Inc. ("DLP"), are pleased to report that the ground geophysical survey, recently completed on the Aldridge 1 and Aldridge 2 properties, has produced encouraging results on both the Aldridge 1 and Aldridge 2 properties.The M.T. (magnetotellurics) geophysical survey consisted of 20 East-West lines totalling 32.8 km. The identification of the M.T. geophysical survey...
2020-03-23 8:39 AM EDT
MG Capital and DLP Resources announces high grade Copper-Cobalt potential at Hungry Creek
Cranbrook, British Columbia--(Newsfile Corp. - January 9, 2020) - MG Capital Corporation (TSXV: DLP) ("MG" or the "Corporation") is pleased to report the discovery of numerous massive to semi-massive sulphide-rich boulders spread along a boulder "float train" of 2 kms determined from stream bed sampling on the Hungry Creek property.The Hungry Creek property, held by MG's wholly-owned subsidiary, DLP Resources Inc. ("DLP"), is comprised of 11 mineral claims totaling 42.62 sq. km in size, and is located 35 km...
2020-01-09 9:00 AM EST
MG Capital and DLP Resources Announce Promising Soil Sampling Results at Redburn Project
Cranbrook, British Columbia--(Newsfile Corp. - December 5, 2019) - MG Capital Corporation (TSXV: DLP) ("MG" or the "Corporation") is pleased to report the completion of a soil sampling program on its 100% owned Redburn copper/cobalt project. The Redburn project, held by MG's wholly-owned subsidiary, DLP Resources Inc. ("DLP"), is 53.6 sq km in area and consists of all the Redburn Creek drainage, situated 12 km NE of Golden, B.C. Geologically, the Redburn claims are within an anomalous horizon at the...
2019-12-05 10:43 AM EST
DLP Resources Commences Geophysical Survey for high grade Sullivan Style Targets
Cranbrook, British Columbia--(Newsfile Corp. - November 26, 2019) - MG Capital Corporation (TSXV: DLP) ("MG" or the "Corporation") is pleased to announce that a ground geophysical survey has commenced on its Aldridge 1 and Aldridge 2 projects, which are located approximately 50 air miles southwest of Cranbrook, BC. The Aldridge projects, held by MG's wholly-owned subsidiary, DLP Resources Inc. ("DLP"), consist of 13 claims, totalling 4,664 hectares that cover approximately 75% of the Leadville Corridor. The Leadville Corridor...
2019-11-26 9:00 AM EST
MG Capital Announces Resumption of Trading
Cranbrook, British Columbia--(Newsfile Corp. - November 20, 2019) - MG Capital Corporation (TSXV: MGX.P) ("MG" or the "Corporation") is pleased to report that, further to its news release dated November 15, 2019, the common shares of the Corporation are expected to resume trading on the TSX Venture Exchange at the open of trading on November 22, 2019 under the new trading symbol "DLP".For further information, please contact:MG Capital CorporationRobin SudoChief Financial Officer and Corporate SecretaryTelephone: 250-426-7808Email: robinsudo@dlpresourcesinc.comNEITHER...
2019-11-20 6:46 PM EST
MG Capital and DLP Resources Announce Closing of Qualifying Transaction
Calgary, Alberta--(Newsfile Corp. - November 15, 2019) - MG Capital Corporation (TSXV: MGX.P) ("MG" or the "Corporation") and DLP Resources Inc. ("DLP") are pleased to report that they have closed their previously announced business combination which resulted in a reverse take-over of MG by the shareholders of DLP and which constituted MG's Qualifying Transaction, as defined under TSX Venture Exchange Policy 2.4 - Capital Pool Companies (the "Transaction"). The common shares of MG (the "MG Shares") are expected to...
2019-11-15 5:32 PM EST
MG Capital Corporation Files Filing Statement and Technical Report for Qualifying Transaction
Calgary, Alberta--(Newsfile Corp. - November 4, 2019) - MG Capital Corporation (TSXV: MGX.P) ("MG" or the "Corporation") is pleased to announce that it filed its filing statement dated effective October 31, 2019 (the "Filing Statement") in connection with its proposed business combination with DLP Resources Inc. ("DLP") which will result in a reverse take-over of MG by the shareholders of DLP and which will constitute MG's Qualifying Transaction, as defined under TSX Venture Exchange Policy 2.4 - Capital Pool Companies...
2019-11-04 12:39 PM EST
MG Capital Corporation Enters into Definitive Agreement for Qualifying Transaction and Increases Size of Financing
Calgary, Alberta--(Newsfile Corp. - September 26, 2019) - MG Capital Corporation (TSXV: MGX.P) ("MG" or the "Corporation") is pleased to announce that further to its news release dated July 29, 2019, it has entered into an amalgamation agreement dated September 26, 2019 (the "Amalgamation Agreement") with DLP Resources Inc. ("DLP"), a privately held corporation incorporated under the laws of the Province of British Columbia and 1224395 B.C. Ltd., a wholly owned subsidiary of MG, incorporated under the laws of...
2019-09-26 4:23 PM EDT
MG Capital Corporation and DLP Resources Inc. Enter into Letter of Intent for Qualifying Transaction
Calgary, Alberta--(Newsfile Corp. - July 29, 2019) - MG Capital Corporation (TSXV: MGX.P) ("MG" or the "Corporation") is pleased to announce that it has entered into a letter of intent (the "LOI") with DLP Resources Inc. ("DLP"), a privately held corporation incorporated under the laws of the Province of British Columbia (together referred to as the "Parties"), which outlines the general terms and conditions pursuant to which MG and DLP have agreed to complete a transaction that will constitute the...
2019-07-29 6:03 PM EDT