ValOre Announces Upsize of Non-Brokered Private Placement to $8.33 Million
ValOre Announces
Upsize of Non-Brokered Private Placement to $8.33 Million
Not for distribution to United States newswire services or for dissemination in the United States.
Vancouver, British Columbia, February 16, 2021 – 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 furthe r 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
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 Val Ore 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.