Last C$0.70 CAD
Change Today 0.00 / 0.00%
Volume 0.0
DRN On Other Exchanges
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As of 3:38 PM 10/14/14 All times are local (Market data is delayed by at least 15 minutes).

delrand resources ltd (DRN) Snapshot

Open
C$0.70
Previous Close
C$0.70
Day High
C$0.70
Day Low
C$0.69
52 Week High
09/16/14 - C$0.90
52 Week Low
01/21/14 - C$0.27
Market Cap
15.2M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
21.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DELRAND RESOURCES LTD (DRN)

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delrand resources ltd (DRN) Details

Delrand Resources Limited engages in the acquisition, exploration, and development of mineral properties in the Democratic Republic of the Congo (DRC). It primarily explores for diamonds, as well as for iron ores. The company has interests in the DRC North Project consisting of four exploration permits located in Orientale Province in northeastern DRC; and Tshikapa project located in the south-western part of the Kasai Occidental province of the DRC. It also has an agreement with Rio Tinto Minerals Development Limited for the exploration of iron ore in areas of the southern DRC. The company was formerly known as BRC DiamondCore Ltd. and changed its name to Delrand Resources Limited in June 2011. Delrand Resources Limited was incorporated in 1990 and is headquartered in Toronto, Canada.

6 Employees
Last Reported Date: 09/29/14
Founded in 1990

delrand resources ltd (DRN) Top Compensated Officers

President and Director
Total Annual Compensation: C$80.4K
Vice President of Finance and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

delrand resources ltd (DRN) Key Developments

Delrand Resources Limited Reports Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2014

Delrand Resources Limited reported audited consolidated earnings results for the fourth quarter and full year ended June 30, 2014. For the fourth quarter, the company reported net loss of CAD 3,311,000 or CAD 0.16 per basic and diluted share compared to CAD 72,000 or CAD 0.00 per basic and diluted share a year ago. For the year, the company reported net loss of CAD 3,487,552 or CAD 0.16 per basic and diluted share compared to CAD 283,776 or CAD 0.01 per basic and diluted share a year ago. Headline loss per basic and diluted share was CAD 0.01 compared to CAD 0.01 a year ago. Net cash flows used in operating activities was CAD 308,741 against CAD 356,520 a year ago. Expenditures on exploration and evaluation were CAD 278,903 against CAD 381,065 a year ago.

Delrand Resources Limited Auditor Raises 'Going Concern' Doubt

Delrand Resources Limited filed its Annual on Sep 29, 2014 for the period ending Jun 30, 2014. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Delrand Resources Limited Announces Management Changes

Delrand Resources Limited announced it has entered into a share exchange agreement pursuant to which Delrand has agreed to acquire all of the outstanding shares of VoiceTrust Holding Inc. (VoiceTrust). Contemporaneously with the completion of the Transactions, Alan Brousseau will be appointed as Chief Executive Officer of Delrand, and Edward F. Escubedo will be appointed as Chief Operations Officer of Delrand. Delrand anticipates that its current officers and directors, with the exception of Arnold Kondrat who will continue as a director, will resign upon completion of the Transactions and Alan Brousseau, Bermard Crotty, Ronald Meersschaert and Renier Lemmens will be appointed as directors of Delrand. Alan Brousseau is a senior executive with over 14 years' experience growing biometric businesses in Canada and the US. From February 2007 until June 2013, Mr. Brousseau served as Executive Vice President, Business Services of L-1 Identity Solutions Inc. after fulfilling various other executive roles in international business development, managing Canadian operations, acquisition transition and strategy. Edward F. Escubedo brings over 30 years of experience in business systems automation with specialization in the design, development and application of advanced technologies, including biometric technologies. Bernard Crotty is a principal of Silver and White Management Inc. Mr. Crotty is also the President and a Trustee of NorthWest International Healthcare Properties REIT. Ronald Meersschaert is a Partner at Ramphastos Investments, which he joined in 2006, and is responsible for the supervision of several of its portfolio companies. Mr. Meersschaert started his career at Deloitte where he spent eight years working as a certified public accountant. Renier Lemmens is a Partner at Ramphastos Investments and is involved in the supervision of several of its portfolio companies. Before joining Ramphastos Investments, Mr. Lemmens was Chief Executive Officer of Paypal (Europe, Middle East and Asia), Chief Operating Officer of a division of Barclays Bank, and prior to that an officer of GE Capital where he served as Chairman and Chief Executive Officer of Budapest Bank and Senior Vice President Business Development for GE Consumer Finance in the Americas.

 

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