VALKEA RAISES C$2.5M IN PRIVATE PLACEMENT FINANCING Strategic Investor Michael GenƟle and Other Cornerstone Investors Maintain Their Holdings
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TSX.V: OZ | OTCQB: OZBKF | FSE: 4A7
FOR IMMEDIATE RELEASE January 14, 2025
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
VALKEA RAISES C$2.5M IN PRIVATE PLACEMENT FINANCING
Strategic Investor Michael GenƟle and Other Cornerstone Investors Maintain Their Holdings
Vancouver, BriƟsh Columbia – January 14, 2025– Valkea Resources Corp. (the “ Company” or “Valkea”)
(TSX.V: OZ) (OTCQB: OZBKF) is pleased to announce that, further to it’ s news releases dated December
24, 2025, it has closed the non-brokered private placement (the “Financing”) for gross proceeds of C$2.5
million.
In relaƟon to the financing, a total of 10,000,000 units of the Company (the “Units”) were issued at a price
of $0.25 per Unit. Each Unit is comprised of one common share of the Company (a “Share”) and one-half
of one common share purchase warrant (each whole common share p urchase warrant, a “Warrant”) of
the Company. Each Warrant will enƟtle the holder to purchase one common share of the Company at an
exercise price of C$0.35 for a period of 36 months following the closing date of the Financing.
“We are very pleased to close this $2.5 million financing with s trong parƟcipaƟon from our exisƟng
shareholders, including key holders maintaining their 9.9% posi Ɵons,” commented Chris Donaldson, CEO
and ExecuƟve Chairman. “This level of support reflects conƟnued confidence in Valkea’s strategy and our
Central Lapland gold porƞolio. With cash in the bank, Valkea is well posiƟoned to launch 2026 focused on
execuƟon and advancing our exploraƟon efforts across Central Lapland, Finland.”
In connecƟon with the Financing, the Company paid finders fees o f $49,500 cash and issued 198,000
finders warrants for the Company (the “ Finders Warrants” ) t o e l i g i b l e a r m ’ s l e n g t h fi n d e r s . E a c h n o n -
transferrable Finders Warrant enƟtles the finder to purchase one c o m m o n s h a r e o f t h e C o m p a n y ( a
“Finder Warrant Share”) at a price of $0.35 per Finder Warrant Share unƟl January 14, 2029.
The securiƟes issued in connecƟon with the Financing are subject to a four-month and one-day hold period
under applicable Canadian securiƟes laws. Closing of the Financ ing is subject to final approval of the TSX
Venture Exchange.
Directors and officers of the Company subscribed for an aggregate of 220,500 Units for gross proceeds of
$55,000 under the Financing. ParƟcipaƟon by insiders of the Com pany in the Financing consƟtutes a
related-party transacƟon as defined under MulƟlateral Instrument 61-101 – ProtecƟon of Minority
Security Holders in Special TransacƟons ("MI 61-101"). The issuance of securiƟes is exempt from the formal
v alua Ɵon r equir emen ts of SecƟon 5.4 of MI 61-101 p ur suan t t o SubsecƟon 5.5(b) of MI 61-101 as the
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common shares of the Company are listed on the TSX Venture Exchange. The issuance of securiƟes is also
exempt from the minority approval requirements of SecƟon 5.6 of MI 61-101 pursuant to SubsecƟon
5.7(1)(b) of MI 61-101 as the fair market value was less than $2,500,000.
Proceeds from the Financing will be used for exploraƟon of the Company’s the flagship Paana project and
working capital purposes.
The securiƟes offered have not been registered under the U.S. Se curiƟes Act of 1933, as amended, and
may not be offered or sold in the United States absent registraƟ on or an applicable exempƟon from the
registraƟon requirements. This press release shall not consƟtut e an offer to sell or the solicitaƟon of an
offer to buy nor shall there be any sale of the securiƟes in any State in which such offer, solicitaƟon or sale
would be unlawful.
OPTION GRANT
T h e C o m p a n y a l s o a n n o u n c e s t h a t i t h a s g r a n t e d a n a g g r e g a t e o f 1,000,000 stock opƟons to certain
consultants of the Company. Each opƟon is exercisable to acquire one common share of the Company at
a price of $0.40 per share for a period of 5 years, in accordan ce with the terms of the Company’s stock
opƟon plan. The opƟons are subject to applicable regulatory approvals and any necessary hold periods as
required by the TSX Venture Exchange.
About Valkea Resources
V alk ea R es our c es is a t the f or e f r on t of g old e xplor a Ɵ on in Finland's highly prospecƟve Central Lapland
G r e e n s t o n e B e l t ( C L G B ) . W i t h a n e x t e n s i v e p o r ƞ o l i o o f h i g h - p o t enƟal projects, including the flagship
Paana project, Valkea Resources is commiƩed to discovering and advancing significant gold deposits in
one of the world’s emerging gold districts.
Contact InformaƟon
For more informaƟon please contact:
Chris Donaldson, Chief ExecuƟve Officer and Director
Tel: (604) 813-3931 | Email: [email protected]
Neither the TSX Venture Exchange nor its RegulaƟon Services Pro vider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking statements or forwar d-looking informaƟon relaƟng to the future operaƟons of the
Company and other statements that are not historical facts. Forward-looking statements in this news release include but are not
limited to statements regarding the use of proceeds.
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Forward-looking statements are based on the reasonable assumpƟo ns, esƟmates, analyses and opinions of management made
in light of its experience and its percepƟon of trends, current condiƟons and expected developments, as well as other factors that
management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which
may prove to be incorrect. Management believes that the assumpƟ ons and expectaƟons reflected in such forward-looking
statements are reasonable. AssumpƟons have been made regarding, a m o n g o t h e r t h i n g s : t h e C o m p a n y n o t r e c e i v i n g t h e
necessary regulatory or exchange approvals in respect of the Financing; recent market volaƟlity; the inability of the Company to
use the proceeds of the Financing as currently anƟcipated; and the state of the financial markets for the Company's securiƟes.
Readers are cauƟoned that the foregoing list is not exhausƟve of all factors and assumpƟons which may have been used.
Forward-looking statements are subject to known and unknown ris ks, uncertainƟes and other factors that may cause actual
results to be materially different from those expressed or impli ed by such forward-looking statements. Such risks, uncertainƟes
and other factors include but are not limited to: the Company’s early stage of development; the fluctuaƟon of the price of metals;
the availability of addiƟonal funding as and when required; the speculaƟve nature of mineral exploraƟon and development; the
Ɵming and ability to maintain and, where necessary, obtain nece ssary permits and licenses; the uncertainty in geologic,
hydrological, metallurgical and geotechnical studies and opinio n s ; i n f r a s t r u c t u r e r i s k s , i n c l u d i n g a c c e s s t o w a t e r a n d p o w e r ;
environmental risks and hazards; risks associated with negaƟve operaƟng cash flow; and risks associated with diluƟon. For a
further discussion of risks relevant to the Company, see the Company’s other public disclosure documents.
Although management has aƩempted to idenƟfy important factors that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other fac tors that cause results not to be as anƟcipated, esƟmated, or
intended. There is no assurance that forward-looking statements will prove to be accurate, as actual results and future events
could differ materially from those anƟcipated in such forward-lo oking statements. Accordingly, readers should not place undue
reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except as,
and to the extent required by, applicable securiƟes laws.