Dalradian receives $20 million from recent warrant exercises

TORONTO, ONTARIO--(Marketwired - Oct. 12, 2017) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") announces that a total of 19,187,650 of Dalradian's common share purchase warrants originally issued on 7 October 2015 (the "October Warrants") were exercised between 22 September 2017 and 10 October 2017 at a price of C$1.04, resulting in proceeds to the Company of C$19,955,156. Included in this amount is 371,250 warrants exercised by Dalradian's officers and directors totalling C$386,100 (AIM announcement of 11 October 2017) and 6,250,000 warrants exercised by Osisko Gold Royalties Ltd totalling C$6.5 million (news release of 10 October 2017).