ValOre Closes $8.33 Million Private Placement
ValOre Closes $8.33 Million Private Placement
Not for distribution to United States newswire services or for dissemination in the United
States.
Vancouver, British Columbia, February 17, 2021 – ValOre Metals Corporation (“ValOre”) (TSX-V: VO)
today announced the closing of the previously disclosed Private Placement (see ValOre news release s
dated January 29, 2021 and February 16, 2021). ValOre issued 27,758,334 Units at a price of $0. 30 per
unit for gross proceeds of $8,327,500.20. Each Unit consists of one common share (“Share”) and one-
half of one common share purchase warrant (each whole common share purchase warrant, a
“Warrant”). Each Warrant will be exercisable into one Share for C$0. 45 per Share for a period of two
years expiring February 17, 2023.
All securities issued under this placement are subject to TSXV and securities regulatory legends expiring
on June 18, 2021.
Finders’ fees of $278,249.42 and 927,498 Warrants were issued to various finders under the Placement.
The finders warrants have the same terms and conditions as the Warrants issued to the subscribers
under the Placement.
About ValOre
ValOre Metals Corp. (TSX -V: VO) is a Canadian company with a p ortfolio 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 o f 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 [email protected].
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 cou ld 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 a ny 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 thi rd parties in respect of ValOre, or its financial or operating
results or (as applicable), their securities.