Val-d'Or Mining Closes Private Placement Financing
Val-d'Or Mining Closes Private Placement
Financing
Val-d'Or, Québec--(Newsfile Corp. - June 20, 2025) - Further to its news release of May 9, 2025, Val-
d'Or Mining Corporation (TSXV: VZZ) (the "Company") is pleased to announce that it has completed a
non-brokered private placement offering (the "Offering") for gross proceeds of $704,600.
The Company issued 14,092,000 Units under the Offering at a per Unit price of $0.05, each Unit
comprised of one common share in the capital of the Company and one non-transferable common share
purchase warrant (a "Warrant") exercisable for the purchase of one common share of the Company at a
per share price of $0.075 until June 20, 2027.
Six insiders participated in the Offering for aggregate cash consideration to the Company of $251,600,
which constitutes a Related Party Transaction under TSX Venture Exchange Policy 5.9.
The Company
availed itself of the exemptions contained in section 5.5(c) of Multilateral Instrument 61-101 ("MI 61-101")
for an exemption from the formal valuation requirement and Section 5.7(1)(b) of MI 61-101 for an
exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value of
the securities to be distributed in the transaction, and the consideration to be received by the Company
for those securities, insofar as the transaction involves interested parties did not exceed $2,500,000.
In connection with the Offering, the Company paid cash finder's fees in the amount of $7,200 and issued
144,000 finder's warrants exercisable at a price of $0.075 until June 20, 2027, to arm's length finders.
An administration fee of $6,000 was paid by the Company to one of the subscribers under the Offering.
The net proceeds raised from the Offering will be used for the advancement of the Company's projects
and for general corporate purposes.
All securities issued under the Offering, including common shares underlying the Warrants and finder's
warrants, are subject to a hold period until October 21, 2025, in accordance with applicable securities
legislation and the policies of the TSX Venture Exchange.
About Val-d'Or Mining Corporation
Val-d'Or Mining Corporation is a junior natural resource issuer involved in the process of acquiring and
exploring its mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE
Ontario and NW Québec. To complement its current property interests, the Company regularly evaluates
new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi
Greenstone Belt, the Company holds several other properties in Northern Québec (Nunavik) covering
different geological environments and commodities (Ni-Cu-PGE's).
The Company has expertise in the identification and generation of new projects, and in early-stage
exploration. The mineral commodities of interest are broad, and range from gold, copper-zinc-silver,
nickel-copper-PGE to industrial and energy minerals.
After the initial value creation in the 100%-owned,
or majority-owned properties, the Company seeks option/joint venture partners with the technical
expertise and financial capacity to conduct more advanced exploration projects.
For additional information, please contact:
Glenn J. Mullan
2772 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 819-824-2808, x 204
Email:
Forward-Looking Statements:
This news release contains certain statements that may be deemed "forward-looking statements.
Forward-looking statements are statements that are not 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 forward-looking statements
are based on reasonable 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
statements 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 Provider (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, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/256198