Val-D’Or Mining Corporation Announces $100,000 Private Placement
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2864 chemin Sullivan
Val-d’Or, Québec J9P 0B9
819.824.2808 (main)
819.824.3379 (fax)
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VAL-D’OR MINING CORPORATION ANNOUNCES $100,000 PRIVATE PLACEMENT
Val-d’Or, Québec, October 12, 2017 — Val-d’Or Mining Corporation (TSX-V:MZZ) (the “Company”)
announces that it will conduct a non-brokered private pl acement offering pursuant to which it will issue
up to 1,000,000 Units at a per Unit price of $0.10 fo r gross proceeds of up to $100,000. Each Unit will
consist of one common share in the capital of the Co mpany and one-half of one non-transferable common
share purchase warrant, each whole warrant exercisa ble for the purchase of one common share of the
Company at a per share price of $0.15 for a period of 36 months from the date of closing of the private
placement.
The private placement, which is subject to accep tance by the TSX Venture Exchange, will close
concurrent with closing of the offering by the Comp any under a short form prospectus dated October 3,
2017, as previously announced by the Company by news release dated August 28, 2017. It is expected
that the closing will take place on or about October 30, 2017, or such other date as may be agreed
between the Company and Canaccord Genuity Corp., the Agent under the short form prospectus offering,
but in any event not later than December 29, 2017.
The proceeds raised from the private placement will be used by the Company to conduct a recommended
Phase 1 exploration program on its Or egon property interest located approximately 4 km northwest of the
town of Barraute in the south central part of Ba rraute Township 40 km north of Val-d’Or, Abitibi,
northwestern Québec, which is under option from Gold en Valley Mines Ltd. All securities issued under
the private placement will be subject to a hold period of four months and one day from the date of closing
in accordance with applicable securities legislation.
An administration fee of 4% of the gross proceeds ra ised by the private placement will be paid by the
Company to a subscriber.
About Val-d’Or Mining Corporation
Val-d’Or Mining Corporation is a junior natural resource issuer invo lved in the process of exploring,
evaluating and promoting its mineral property assets. The Company holds an option to acquire a 100%
interest in 61 grassroots properties located in Ontari o and Québec; in addition to which it holds a 100%
interest in the Marymac Prospect located in the La brador Trough of Québec, subject to a 2% NSR; a
100% interest in the Shoot-Out Prospect, which is th e combination of two properties, Shoot-Out East and
Shoot-Out West, and consists of claims located in th e Raglan Belt of northern Québec, subject to a 3%
NSR; a 100% interest in the Fortin Prospect consisti ng of five contiguous mining claims located in the
central part of Ducros Township, approximatively 80 kilometres northeast of the city of Val-d’Or,
Québec, subject to a 1.5% NSR; and holds a 100% interest in the Chibougamau-Chapais Prospect,
located in the Chibougamau area in central Québec, which were staked by the Company in the second
quarter of 2016.
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES
OR TO U.S. NEWS AGENCIES
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For additional information, please contact:
Glenn J. Mullan
2864 chemin Sullivan
Val-d’Or, Québec J9P 0B9
Tel.: 819-824-2808, x 204
Email: [email protected]
Forward Looking Statements:
This news release contains certain statements that may be deemed “forward-looking statements. Forward looking
statements are statements that are no t historical facts and are generally, but not always, identified by the words
“expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions,
or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the
expectations expressed in such forw ard-looking statements are based on r easonable assumptions, such statements
are not guarantees of future performance and actual results or realities may differ materially from those in forward
looking statements. Forward looking st atements are based on the beliefs, estimates and opinions of the Company’s
management on the date the statements are made. Except as required by law, the Company undertakes no obligation
to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other
factors, should change.
Neither TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
THIS PRESS RELEASE, REQU IRED BY APPLICABLE CAN ADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND
DOES NOT CONSTITUTE AN OFFE R TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY
OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE
NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD
IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.