Delta International Oil & Gas Inc. announced that it expects to receive $1.5 million in funding

Delta Mutual, Inc., formerly Cannawake Corporation, is an independent oil and gas company. The Company is engaged in oil and gas concession investments in Argentina. The Company also has ownership interests in oil and gas development and exploration rights in Argentina. The primary focus of its business has been its subsidiary, South American Hedge Fund LLC (SAHF), which has investments in oil and gas concessions in Argentina. SAHF holds interests in three concessions, which include Tartagal Oriental (Tartagal), Morillo and Valle de Lerma. Its Tartagal exploration license area covers approximately 7,065 square kilometers in Salta Province, located in the northern part of Argentina. Its Morillo exploration license area covers approximately 3,520 square kilometers in Salta Province, contiguous with and south of the Tartagal Oriental license. Its Valle de Lerma block is located in the province of Salta in the northwestern region of Argentina.