ValOre Reminds Shareholders of Proxy Cutoff in Connection with the Annual and Special Meeting to Approve the Sale of the Angilak Property to Labrador Uranium
ValOre Reminds Shareholders of Proxy Cutoff in Connection with the Annual and Special
Meeting to Approve the Sale of the Angilak Property to Labrador Uranium
Vancouver, British Columbia, May 9th, 2023 – ValOre Metals Corp. TSX‐V: VO; OTCQB:
KVLQF; Frankfurt: KEQ0, (“ValOre” or the “Company”). Further to ValOre’s news release on
March 14, 2023, ValOre reminds its shareholders to deposit their proxies and/or voting instruction
forms in connection with the upcomi ng annual and special meeting of ValOre shareholders (the
“Meeting”) scheduled to take place on May 12, 2023 to approve, inter alia, the proposed plan of
arrangement under the provisions of the Business Corporations Act (British Columbia) whereby
ValOre will sell its interest in the Angilak Property uranium project in Nunavut Territory to Labrador
Uranium Inc. (the “Transaction”). In order for ValOre shareholder votes to be counted, proxies
submitted must be received by 10:00 am, Pacific Time, on Wednesday, May 10, 2023. Additional
information regarding the matters to be considered at the Meeting and the Transaction are
described in the notice of annual and special meeting and management information circular in
respect of the Meeting, each dated April 13, 2023 (the “Information Circular”) that was mailed
to shareholders of record as of April 10 , 2023 and available under ValOre’s profile at
www.sedar.com.
The Company also announced that in connection with the financial advisory services provided to
the Company by Canaccord Genuity Corp. (“Canaccord”) in connection with the Transaction, the
Company has agreed, subject to the approval of the TSX Venture Exchange, to settle a portion
of the fees payable to Canaccord by issuance of 1,793,900 shares of the Company at a price of
$0.2231 per Company share. Shares issued to Canaccord are subject to a hold period of four
months plus one day from the date of issuance. Further details of Canaccord’s engagement can
be found in the Information Circular.
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 at 604-653-9464, or by email at
ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit:
http://www.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.
Forward Looking Information
Certain statements and information herein contain forward-looking statements and forward-
looking information (collectively, “forward-looking statements”) within the meaning of applicable
securities laws. Such forward-looking statements include but are not limited to statements or
information with respect to: the proposed Transaction.
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Although management of the Company believe that the assumptions made and the expectations
represented by such forward-looking statements are reasonable, there can be no assurance that
forward-looking statements will prove to be accurate. Forward-looking statements by their nature
are based on assumptions and involve known and unknown risks, uncertainties and other factors
which may cause actual results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by such forward-looking
statements or information. These factors include, but are not limited to: the Transaction may not
close on the terms currently conemplated, or at all; risks relating to the receipt of all requisite
approvals for the proposed Transaction; changes in general economic conditions or conditions in
the financial markets; and risks related to general economic conditions.
The Company does not undertake to update any forward-looking informati on, except in
accordance with applicable laws.