News
Delta Mining and Exploration
Receives Second Round Of Financing
LEWISBURG, Ky., Jul 07, 2005 (BUSINESS WIRE) -- Delta Mining and
Exploration Corp. (OTC: DMXC) is pleased to announce that it has
received and banked the second round of financing as part of its one
million dollar raise. The details of the financing agreement were
discussed in Delta's news release dated May 25, 2005.
With round two of the financing in place, Delta will shortly be
entering into a contract with a geological consulting group to carry
out work on the Company's diamond exploration properties in Montana.
A priority of both, Delta and the geological consulting firm, will be
to complete tests that would advance the Homestead kimberlite diatreme,
as a follow-up to reconnaissance sampling previously completed by
Delta. The firm expects to complete the bulk of the comprehensive work
program on the Homestead and surrounding properties this summer, as
the company moves forward with the exploration campaign in the Montana
region.
About Delta Mining and Exploration, Corp:
http://www.deltamine.com: Delta is a mineral exploration company
with an extensive portfolio of diamond properties in Montana, USA and
in Bolivia, South America. Delta controls some 8,000 acres throughout
Montana located within the Wyoming Craton where much of North
America's diamonds have been found. A further 10,000 acres of
prospective diamond properties are controlled in Bolivia, South
America.
NOTE: Safe Harbor for Forward-Looking Statements.
This press release contains forward-looking statements within the
meaning of the The Private Securities Litigation Reform Act of 1995
(the "Act"). In particular, when used in the preceding discussion, the
words "plan," "confident that," "believe," "scheduled," "expect," or
"intend to," and similar conditional expressions are intended to
identify forward-looking statements within the meaning of the Act and
are subject to the safe harbor created by the Act. Such statements are
subject to certain risks and uncertainties and actual results could
differ materially from those expressed in any of the forward-looking
statements. Such risks and uncertainties include, but are not limited
to, the ability of the Company to complete the planned bridge
financing, market conditions, the general acceptance of the Company's
products and technologies, competitive factors, timing, and other
risks described in the Company's SEC reports and filings.
SOURCE: Delta Mining and Exploration Corp.
Delta Mining and Exploration Corp.
Alex Livak, 347-813-4664
info@deltamine.com
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