SYS-CON MEDIA Authors: Gilad Parann-Nissany, Michael Bushong, Eric Brown, Kevin Benedict, PR.com Newswire

News Feed Item

Delta Gold Corporation Announces Q1 2014 Financial Results

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/27/14 -- Delta Gold Corporation (the "Company") (TSX VENTURE: DLT) reports that it has filed on SEDAR (www.sedar.com) its unaudited condensed interim consolidated financial statements and related management discussion and analysis ("MD&A") for three months ended December 31, 2013.

The Company reported a loss and comprehensive loss for the three months ended December 31, 2013 (the "Current Period") of $340,854 compared with $1,019,557 in for the three months ended December 31, 2012 (the "Comparative Period"). The activities in the Current Period focused on business development investigations, while the Comparative Period focused on the closing of the ADR Capital Corp. transaction and the related equity financings.

The Company's cash and cash equivalents balance at December 31, 2013 was $5,081,796.

Delta Gold's CEO, Marco Romero, stated: "Delta is well positioned to advance its business plan in 2014. Our company is well funded and taking measures to conserve its valuable financial resources while seeking to seize a judicious opportunity to grow our company. We also continue to work hard to build local relationships that will allow us to prudently advance the Imperial Project."

Delta is also pleased to report, that all items to be voted on at its Annual General Meeting (AGM) held on February 26, 2014 were approved:


--  Determined the number of director at seven,
--  Election of directors:
--  John P. A. Budreski,
--  Jill Leversage,
--  J. Christopher Mitchell,
--  William Myckatyn,
--  Ian Reid,
--  Marco A. Romero, and
--  Roman Shklanka,
--  Appointment of PricewaterhouseCooper as auditors, and
--  Continuation of the Company's share option plan.

Delta Gold Corp.is a development stage mining company whose goal is to build a successful mid-tier gold producer committed to industry-leading technical, environmental and social best practices. Our business strategy is to identify and evaluate mineral investment opportunities located in favourable jurisdictions and settings, and to prudently acquire and develop projects that are economically, socially and environmentally viable.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-ooking Statements

This document may contain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.