Valterra to Amend Warrant Terms
Valterra to Amend Warrant Terms
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2021) - Valterra Resource Corporation (TSXV:
VQA) (OTCQB: VRSCF)
("Valterra" and "the Company") reports that the Company will apply to the TSX
Venture Exchange (the "Exchange") for approval to amend the terms and reprice the following three
series of warrants issued in connection with three separate private placements to $0.125; warrants
issued on October 5, 2016 at $1.00 with expiry date October 5, 2021; warrants issued on December 29,
2016 at $1.00 with expiry date December 29, 2021; and warrants issued on August 1, 2019 and
September 18, 2019 at $0.50 with expiry dates August 1, 2023 and September 18, 2023, respectively.
The original expiry dates will remain, subject to the accelerated exercise period provision as set out
below.
In order to reduce the exercise price of the warrants, the Exchange requires the inclusion of an
accelerated exercise period provision in the amended warrants. The accelerated exercise period
provision will provide that, if the closing price of our shares is $0.165 or higher for 10 consecutive trading
days (the "Premium Trading Days"), warrant holders will have 30 calendar days, commencing 7 calendar
days after the last Premium Trading Day, to exercise the warrants. The proposed amendments to the
warrants are subject to acceptance for filing by the Exchange.
About Valterra
Valterra is a Manex Resource Group Company. The group provides expertise in exploration,
administration, and corporate development services for Valterra's mineral properties located in British
Columbia and Mexico. Valterra's focus is on advancing its early-stage properties that have the potential
to host large deposits in regions with excellent infrastructure.
Valterra owns a 100% interest in the
Swift-
Katie
copper gold porphyry property in British Columbia and has an option to earn a 100% interest in
the
Los Reyes
copper- gold property in Mexico. As well, upon acquisition of Poconé Mining Mineração
Ltda, Valterra will indirectly hold a 100% interest in the Lima Gold Project and an option to acquire a
100% interest in the Livramento Gold Project, both located in Brazil.
On behalf of the Board of Directors,
"Lawrence Page"
Lawrence Page Q.C., President, Valterra Resource Corporation
For further information, please visit Valterra's website at
valterraresource.com
or contact Valterra at
604.641.2759 or by email at
.
Neither 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.
This news release may contain forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated in such statements. These statements are based on a
number of assumptions, including, but not limited to, assumptions regarding general economic
conditions, interest rates, commodity markets, regulatory and governmental approvals for Valterra
Resource Corporation's projects, and the availability of financing for Valterra Resource Corporation's
development projects on reasonable terms. Factors that could cause actual results to differ materially
from those in forward looking statements include market prices, exploitation and exploration
successes, the timing and receipt of government and regulatory approvals, and continued availability
of capital and financing and general economic, market or business conditions. Valterra Resource
Corporation does not assume any obligation to update or revise its forward-looking statements,
whether as a result of new information, future events or otherwise, except to the extent required by
applicable law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/83096