MG Capital Corporation Announces Official Name Change
Cranbrook, British Columbia--(Newsfile Corp. - January 4, 2021) - MG Capital Corporation (TSXV: DLP) (the "Company") is pleased to announce that it is changing the official name of the Company (the "Name Change") to "DLP Resources (2020) Limited". The Name Change will become effective at the opening of market trading on January 7 , 2021. The symbol "DLP" remains unchanged and the CUSIP number is 23291V101. About DLP Resources (2020) Limited DLP Resources (2020) Limited is a mineral...
2021-01-04 5:58 PM EST
MG Capital and DLP Resources Announces Closing of Private Placement of Flow-Through Shares and Staking of an Additional 93.81 km2
Cranbrook, British Columbia--(Newsfile Corp. - December 30, 2020) - MG Capital Corporation (TSXV: DLP) (the "Company"), the parent company of DLP Resources Inc. ("DLP"), is pleased to announce that it has closed its non-brokered private placement (the "Private Placement"), whereby the Company has completed the issuance of an aggregate of 3,200,000 flow through common shares (each, a "FT Share") at a price of $0.25 per share for aggregate gross proceeds of $800,000. The FT Shares in connection...
2020-12-30 6:00 AM EST
MG Capital and DLP Resources Announces Significant MT Geophysical Results on the DD, Moby Dick and NZOU Properties
Cranbrook, British Columbia--(Newsfile Corp. - December 3, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that the final results from the ~33 line km Titan magnetotelluric ("MT") ground geophysical survey by Quantec Geoscience over the DD, Moby Dick and NZOU properties have been received. DD, Moby Dick and NZOU Properties A significant NE-SW trend of high conductivity (low resistivity) anomalies occur over an area of 5km x...
2020-12-03 6:00 AM EST
MG Capital and DLP Resources Intersects a Significant Thickness of Sullivan Horizon Sediments in Drill Hole AK20-02 on the Aldridge 1 Property
Cranbrook, British Columbia--(Newsfile Corp. - October 8, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that a significant, 200m, thickness of moderate to intense hydrothermally altered Sullivan Horizon (SH) sediments have been intersected in AK20-02 at a depth of 1,190m. Associated with this moderate to intense alteration of albite, garnets, silicification and trace tourmaline is weak zinc mineralization which occurs as...
2020-10-08 6:00 AM EDT
MG Capital Corp and DLP Resources Announces Commencement of a Titan MT Geophysical Program on the DD, Moby Dick and NZOU Properties
Cranbrook, British Columbia--(Newsfile Corp. - September 11, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that a 33.7 line km Titan magnetotelluric ("MT") ground geophysical survey by Quantec Geoscience has commenced over the DD, Moby Dick and NZOU properties. Following on from the encouraging alteration noted in the intersection of the Sullivan Horizon in PAN-18-01-EX recently drilled by DLP on the DD property, see news...
2020-09-11 6:00 AM EDT
MG Capital Corporation Announces Acceleration of Warrant Expiry Date
Cranbrook, British Columbia--(Newsfile Corp. - September 8, 2020) - MG Capital Corporation (TSXV: DLP) ("MG Capital" or the "Corporation") announces that the expiry date (the "Expiry Date") for the warrants issued on November 14, 2019 (the "Warrants"), with regard to its non-brokered private placement (see news releases dated September 26, 2019 and November 15, 2019), has been accelerated to 30 days from today's date (for a new Expiry Date of October 8, 2020). The acceleration of the Expiry...
2020-09-08 5:37 PM EDT
MG Capital and DLP Resources Signs Option Agreement to Earn 100% of the NZOU Property
Cranbrook, British Columbia--(Newsfile Corp. - August 20, 2020) - MG Capital Corporation (TSXV: DLP) ("MG" or the "Company") is pleased to announce that its wholly-owned subsidiary, DLP Resources Inc. ("DLP") has entered into an option agreement (the "Option Agreement") with 453999 BC Ltd. (the "Optionor") in relation to the NZOU (Na-zoo) property located in British Columbia (the "NZOU Property") held by the Optionor. Pursuant to the terms of the Option Agreement, the Optionor has granted to...
2020-08-20 4:38 PM EDT
MG Capital Corp and DLP Resources Announces Completion of Drilling PAN-18-01-EX on the DD Property
Cranbrook, British Columbia--(Newsfile Corp. - August 6, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that drilling the extension of the original PAN-18-01 hole on the DD property, which was recently optioned from PJX Resources Inc., has been completed. PAN-18-01-EX commenced at a depth of 1425.00m in a gabbro sill above the base of the Middle Aldridge Formation and ended at 1711.00m in the Lower Aldridge Formation. The...
2020-08-06 6:00 AM EDT
MG Capital Corp and DLP Resources Announce Commencement of Drilling on the DD Property and Appointment of New Director
Cranbrook, British Columbia--(Newsfile Corp. - July 30, 2020) - DLP Resources Inc. (TSXV: DLP), the wholly owned subsidiary of MG Capital Corporation, is pleased to announce that drilling has commenced on the DD property which was recently optioned from PJX Resources Inc. (See news release of July 20, 2020). Ian Gendall, President of DLP commented, "We have re-entered the Pan-18-01 hole and commenced drilling the Sullivan-type Pb-Zn-Ag target which we expect to be below the gabbro sill...
2020-07-30 2:53 PM EDT
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...
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...
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...
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 $1,500,000 (the...
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 that is...
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...
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...
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...
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...
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...
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...
2019-11-26 9:00 AM EST