Delta Resources CEO Andre C. Tessier (DLTA) (GOLHF) (6G01)
300Delta Resources CEO Andre C. Tessier (DLTA) (GOLHF) (6G01) First $100,000 Cash Payment from Yorkton Ventures - KINGSTON, ON / Delta Resources Limited ("Delta") (TSXV:DLTA)(OTC:GOLHF)(Frankfurt:6G01) is pleased to announce that it has received the first cash payment of $100,000 for the sale of the Bellechasse-Timmins Gold Deposit in southeastern
Quebec, Canada. Andre C. Tessier
President, CEO and Director
www.deltaresources.ca
In addition, the TSX Venture Exchange has accepted for filing documentation an asset purchase agreement (the "Agreement") between the Yorkton Ventures affiliate, 9412-1068 Quebec Inc. (the "Purchaser") and Delta Resources Limited (the "Vendor") dated July 3, 2020. Pursuant to the terms of the Agreement, the Purchaser will acquire 100% of the Bellechasse-Timmins Project located in Quebec from the Vendor for a total cash consideration of $1.7-million. The Purchaser will also commit to paying Delta Resources a royalty of 1% NSR (net smelter return) on any and all commercial production of gold. The Purchaser may repurchase 0.5 % of the NSR for $1 million at any time.
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