Val-d'Or Mining Increases Private Placement Financing
Val-d'Or Mining Increases Private
Placement Financing
Val-d'Or, Québec--(Newsfile Corp. - June 26, 2020) - Val-d'Or Mining Corporation
(TSXV: VZZ) (the "Company") announces that due to additional interest, it is
increasing the size of its non-brokered private placement announced on June 23,
2020 such that it will now issue up to 1,500,000 Flow-Through Common Shares (the
"FT Shares") at a per FT Share price of $0.24 for gross proceeds of up to $360,000.
The FT Shares will be "flow-through shares" as defined in the Income Tax Act
(Canada).
The offering is subject to acceptance by the TSX Venture Exchange. Finder's fees in
amounts to be determined may be payable to persons who introduce the Company to
subscribers to the offering. The proceeds raised from this offering will be used by the
Company to conduct further exploration work on its properties in the Abitibi
Greenstone Belt, Québec.
All securities issued will be subject to a hold period of four months and one day from
the date of closing of the offering 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 diverse 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 an 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
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 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/58656