One of the companies which could come into focus among investors today is DLP Resources Inc (OTCMKTS:DLPRF) after the company made a major new announcement.
Market Action
On Monday, DLPRF stock ended flat at $0.1799 with more than 50K shares, compared to volume of 5.32K shares. The stock moved within a range of $0.1799 – 0.1799 after opening trade at $0.1799.
DLP Resources Appoints Director of Business Development
The company announced this morning that it had expanded the role of its executive Allan Frame and would hold the role of the Director of Business Development. It should be noted that he had earlier been appointed to the advisory board of the company in July this year. In this situation, it could be a good idea for investors to take a look at the credentials of Allan Frame as an executive.
Frame has mainly worked in the capital market in a range of roles over the course of the past 47 years. He has been involved in corporate finance and has also been an investment advisor as well as partner in some securities firms.
However, that is not all. Frame has also been the lead underwriter in the IPOs of a range of junior resource companies. He is expected to bring significant knowledge and a vast contact book to the table as a business development executive to DLP Resources. It may be a good move to keep track of further developments.
Key Quote
Ian Gendall, President & CEO of DLP, commented: “We are very pleased to have Al Frame accept the position of Director of Business Development. Al brings enormous value to the Company with his wealth of capital market experience as well as raising millions of dollars for exploration companies over his 47 years in the Financial Services and Securities business. We look forward to having Al onboard to assist management with the growth of DLP.”
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