The following note summarizes a regulatory disclosure by Ronald Kopas (the “Offeror”) concerning his holdings in Delta Resources Limited. Mr. Kopas has filed an Early Warning Report in accordance with National Instrument 62-103 to reflect an open market accumulation of common shares. The filing clarifies the timing of the purchases, the method used on the market, the aggregate consideration paid, and the effect on Mr. Kopas’s total ownership position in the issuer.
This disclosure aims to provide investors with transparent information about beneficial ownership changes under applicable Canadian securities rules.
Between March 2, 2026 and April 13, 2026, Mr. Kopas completed an acquisition of 2,994,000 common shares of the company through purchases on the TSX Venture Exchange. The transactions were executed at an average price of $0.2096 per share, resulting in aggregate consideration of approximately $627,482.50. Prior to this round of purchases, Mr. Kopas beneficially owned 16,262,572 common shares. The recent acquisitions increased his position materially, and the details below summarize the post-transaction ownership and related regulatory reliance.
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Transaction details and ownership impact
As a consequence of the open-market purchases, Mr. Kopas now beneficially owns or controls 19,256,572 common shares of Delta Resources Limited. This holding represents approximately 14.11% of the issued and outstanding common shares on a non-diluted basis. When taking into account the potential exercise of outstanding warrants and stock options, Mr. Kopas’s position is approximately 20.17% on a partially diluted basis. Immediately before the Acquisition, his stake was 16,262,572 shares, or roughly 11.91% of the issued and outstanding common shares. These calculations reflect the current public capital structure disclosed by the issuer and standard conversion assumptions.
How the percentages are presented
The percentages quoted are intended to help readers understand relative ownership under two standard measurement approaches. On an non-diluted basis, only currently outstanding common shares are counted when calculating the percentage interest. By contrast, the partially diluted basis assumes the exercise of extant instruments such as warrants and options that could increase the number of issued shares. Both representations are commonly used in securities reporting to show immediate voting power and a potential future stake should dilutive instruments be exercised.
Regulatory reliance and intent
The Acquisition was completed in reliance on the normal course purchase exemption from the formal take-over bid requirements set out in National Instrument 62-104 Takeover Bids and Issuer Bids, specifically under section 4.1. That reliance is typical when an insider or significant shareholder purchases shares through the marketplace without coordinating a bid for control. Mr. Kopas states that the shares were acquired for investment purposes. As the Chief Executive Officer of Delta Resources, he may modify his holdings over time depending on market dynamics and other business factors; such future changes would be subject to applicable disclosure requirements.
Filing location and corporate context
A copy of the Early Warning Report has been filed and is available on SEDAR+ under the profile for Delta Resources Limited. Delta Resources is described as a Canadian mineral exploration company focused on advancing high-quality exploration projects. The filing and company description provide market participants with both the factual ownership changes and a reminder of the issuer’s business focus, helping stakeholders interpret the disclosure in context.
Forward-looking and cautionary language
This announcement includes statements about intentions and possible future adjustments to holdings that are forward-looking by nature. Such statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Readers should consult the filed Early Warning Report on SEDAR+ for full particulars and consider the issuer’s continuous disclosure documents for additional context and risk factors related to Delta Resources Limited.
