Delta Resources Limited (TSXV:DLTA) agreed to acquire 41 unpatented claims in Thunder Bay, Ontario from Ridge Resources Ltd. and 1544230 Ontario Inc. for CAD 0.092 million on May 28, 2024. The consideration consists of CAD 0.084 million over a three-year period (CAD 12,000 at signature of the agreement, CAD 18,000 at first anniversary, CAD 24,000 at second anniversary and CAD 30,000 at third anniversary). Also, over a one-year period and upon obtaining the regulatory approval, Del will issue 600,000 common shares to Gravel Ridge Resources Ltd and 1544230 Ontario Inc (400,000 common shares at signature and 200,000 common shares at first anniversary). Vendors will
retain a 1.5% NSR and Delta will have the option to buyback a 0.5% NSR at anytime for CAD600,000 and will have a right of first refusal on the second 1% NSR, to a maximum of CAD4,000,000.