Val-D’Or Mining Corporation Completes $1,380,000 Public Offering and $100,000 Private Placement Offering
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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 COMPLETES $1,380,000 PUBLIC OFFERING
AND $100,000 PRIVATE PLACEMENT OFFERING
Val-d’Or, Québec, November 30, 2017 — Val-d’Or Mining Corporation (TSX-V:MZZ) (the
“Company”) is pleased to announce that it has completed the previously announced short form prospectus
offering (the “Offering”) and a non-brokered private placement offering for gross proceeds of $1,480,000.
The Company issued 12,000,000 Units under the Of fering and 1,800,000 Units under the over-allotment
option granted by the Company to, and exercised in full by, Canaccord Genuity Corp. (“Canaccord”), the
agent for the Offering, and the Company issued 1,00 0,000 Units under the private placement. Each Unit
issued under both the Offering and the private placement consists of one common share in the capital of
the Company and one-half of one non-transferable common share purchase warrant, each whole warrant
(a “Warrant”) exercisable for the purchase of one co mmon share of the Company at a per share price of
$0.15 until November 30, 2020.
Canaccord, as agent for the Offering, received a co mmission of $138,000, being 10% of the aggregate
gross proceeds raised under the Offering, plus a co rporate finance fee of $20,000 and reimbursement of
expenses incurred in relation to the Offering, incl uding legal fees. The Company also issued to
Canaccord warrants (the “Agent’s Warrants”) entitling the purchase of 1,380,000 Units of the Company,
being 10% of the number of Units sold under the O ffering, at an exercise price per Unit of $0.10 until
November 30, 2020, the Units underlying the Agent’s Wa rrants having the same attributes as the Units
issued under the Offering.
The proceeds raised under the Offering will be used by the Company to conduct the recommended work
program on its Baden Property, exploration on certain of its other property inte rests, and for general
corporate purposes.
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 Golden Valley Mines Ltd.
In accordance with applicable se curities legislation, the 1,000,000 common shares issued under by the
Company under the private placement, including th e 500,000 common shares underlying, and issuable
upon exercise of, the Warrants issued under the private placement, are subject to a hold period until
March 31, 2018. An administration fee of $4,000 was paid by the Company to the subscriber under the
private placement offering.
The Offering was previously announced by the Compa ny by news release dated August 28, 2017; and the
private placement offering was previously announced by the Company by news release dated October 12,
2017.
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The Company also announces that Dimitri Maniatis has resigned as a director of the Company. The
Company thanks Mr. Maniatis for his services and wishes him the best in his future endeavours. The
Company is pleased to announce that Mr. Lukas Shewc huk has been appointed to the board of directors
of the Company. Mr. Shewchuk is a fourth ye ar student at the Queen’s University Economics
Department in Kingston, Ontario with summer fiel d experience in mining exploration in Red Lake
(Premier Gold Mines) and in oil and gas explora tion with Yangarra Resources Ltd in both Calgary and
Rocky Mountain House, Alberta. The directors of the Company welcome Mr. Shewchuk to the board as
part of its mentorship initiative.
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 consisting of 43 Map Designated Units located in the Labrador Trough
of Québec, subject to a 2% NSR; a 100% interest in the Shoot-Out Prospect, which is the combination of
two properties, Shoot-Out East and Shoot-Out West, a nd consists of 63 claims located in the Raglan Belt
of northern Québec, subject to a 3% NSR; a 100% inte rest in the Fortin Prospect consisting 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, a non-contiguous group of 40 claims, located in the Chibougamau area
in central Québec, which were staked by the Company in the second quarter of 2016.
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.
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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.