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ValOre Metals Corp - Chairman and CEO, Jim Paterson
Chairman and CEO, Jim Paterson
Source: Blender Media
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  • ValOre Metals (VO) has upsized its brokered private placement for gross proceeds of up to C$9,000,000
  • The company will issue up to 15,000,000 flow-through units to be sold to charitable purchasers for $0.60 per unit
  • ValOre has granted Red Cloud Securities the option, to sell up to 3,333,333 additional charity FT units for additional gross proceeds of up to $2,000,000
  • Proceeds will be used for future exploration work on ValOre’s Angilak Property Uranium Project
  • The offering is scheduled to close on or about November 16, 2021
  • ValOre Metals Corp is a Canadian-based exploration company focused on the exploration and development of mineral resources
  • Valore Metals Corp. (VO) opened trading at C$0.455 per share

ValOre Metals (VO) has upsized its previously announced brokered private placement for gross proceeds of up to C$9,000,000.

The company has entered into an agreement with Red Cloud Securities for the sale of up to 15,000,000 flow-through units to be sold to charitable purchasers at a price of $0.60 per unit.

Each charity flow-through unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant shall entitle the holder to purchase one common share at a price of C$0.65 within 24 months of the closing date of the offering.

ValOre has granted Red Cloud Securities an over-allotment option, to sell up to 3,333,333 additional charity FT units for additional gross proceeds of up to $2,000,000.

ValOre will pay Red Cloud a cash commission equal to 6.0 per cent of the gross proceeds of the offering and issue warrants equal to 6.0 per cent of the number of charity FT units sold.

Proceeds will be used for future exploration work on ValOre’s Angilak Property Uranium Project in Nunavut Territory.

The offering is scheduled to close on or about November 16, 2021.

ValOre Metals Corp is a Canadian-based exploration company focused on the exploration and development of mineral resources.

Valore Metals Corp. (VO) opened trading at C$0.455 per share.

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