ValOre Announces Upsize of Non-Brokered Private Placement to $8.33 Million
February 16 2021 - 3:41PM
ValOre Metals Corporation. (“
ValOre”) (TSX-V: VO)
today announced the intent to increase the size of the previously
announced non-brokered private placement on January 29, 2021 from
C$3,600,000 to C$8,330,000. The Company will issue up to 27,766,666
units for total gross proceeds of up to C$8,330,000 (“Private
Placement”).
Each unit will be issued at a price of C$0.30
and will consist of one common share of ValOre and one half of one
common share purchase warrant (each, a “Unit”). Each whole warrant
will be exercisable to acquire one common share of ValOre at an
exercise price of C$0.45 for 24 months from the date of the closing
of the Private Placement.
The closing of the Private Placement is subject
to the receipt of all necessary regulatory approvals, including the
approval of the TSX Venture Exchange. All securities issued
pursuant to the Private Placement will be subject to a four-month
hold period in accordance with applicable Canadian securities laws.
There is no material fact or material change regarding ValOre that
has not been generally disclosed.
ValOre has agreed to pay a finder’s fee by way
of cash to 6% and 6% in warrants based on the aggregate Units
subscribed for pursuant to the subscriptions arranged by such
finders.
About ValOre
ValOre Metals Corp. (TSX‐V: VO) is a Canadian
company with a portfolio of high‐quality exploration projects.
ValOre’s team aims to deploy capital and knowledge on projects
which benefit from substantial prior investment by previous owners,
existence of high-value mineralization on a large scale, and the
possibility of adding tangible value through exploration, process
improvement, and innovation.
On behalf of the Board of Directors,
“Jim Paterson”
James R. Paterson, Chairman and CEO
ValOre Metals Corp.
For further information about, ValOre Metals
Corp. or this news release, please visit our website
at www.valoremetals.com or contact Investor Relations
toll free at 1.888.331.2269, at 604.653.9464, or by email
at contact@valoremetals.com.
ValOre Metals Corp. is a proud member of
Discovery Group. For more information please
visit: discoverygroup.ca
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary Statement Regarding
Forward-Looking Information
This news release contains “forward-looking
statements” within the meaning of applicable securities laws.
Although ValOre believes that the expectations reflected in its
forward-looking statements are reasonable, such statements have
been based on factors and assumptions concerning future events that
may prove to be inaccurate. These factors and assumptions are based
upon currently available information to ValOre. Such statements are
subject to known and unknown risks, uncertainties and other factors
that could influence actual results or events and cause actual
results or events to differ materially from those stated,
anticipated or implied in the forward-looking statements. A number
of important factors including those set forth in other public
filings could cause actual outcomes and results to differ
materially from those expressed in these forward-looking
statements. Factors that could cause the actual results to differ
materially from those in forward-looking statements include the
future operations of ValOre and economic factors. Readers are
cautioned to not place undue reliance on forward-looking
statements. The statements in this press release are made as of the
date of this release and, except as required by applicable law,
ValOre does not undertake any obligation to publicly update or to
revise any of the included forward-looking statements, whether as a
result of new information, future events or otherwise. ValOre
undertakes no obligation to comment on analyses, expectations or
statements made by third parties in respect of ValOre, or its
financial or operating results or (as applicable), their
securities.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION
SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
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