BRITISH COLUMBIA

Delta Gold to begin trading Tuesday on Venture Exchange after recapitalization

02/18/2013 07:42 EST | Updated 04/20/2013 05:12 EDT
VANCOUVER - Newly reorganized Delta Gold Corp. will begin trading under its new symbol Tuesday when exchanges reopen in Toronto following the Family Day holiday weekend.

The junior company, which will trade on the TSX Venture Exchange under the symbol DLT, has an option to purchase the Imperial project in California from a subsidiary of Goldcorp Inc. (TSX:G).

Goldcorp, one of Canada's largest gold companies, is Delta's largest shareholder with about 11.5 per cent of its outstanding common shares.

Delta became a public company as a result of its reverse takeover of ADR Capital Corp., a TSX Venture capital pool company formerly listed as ADS.P.

That transaction was completed Feb. 13 following two concurrent financings that raised a total of nearly $5 million in gross proceeds.