Val-d’Or Mining Announces $255,000 Private Placement Financing
Val-d’Or Mining Announces $255,000 Private Placement Financing
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
VAL-D’OR, Québec, Sept. 25, 2018 -- Val-d’Or Mining Corporation (TSX-V:MZZ) (the “Company”) announces that it will
conduct a non-brokered private placement offering pursuant to which it will issue 2,318,181 Units at a per Unit price of $0.11
for gross proceeds of $255,000. Each Unit will consist of one common share in the capital of the Company and one-half of
one non-transferable share purchase warrant, each whole warrant entitling the purchase of one common share at a per share
price of $0.15 for 36 months from the date of issuance of the securities.
The offering is subject to acceptance by the TSX Venture Exchange. The proceeds raised from this offering will be used by
the Company to conduct further exploration work on its Oregon Prospect in Abitibi, Québec, and for general corporate
purposes. 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 exploring, evaluating and promoting its
mineral property assets. The Company holds an option to acquire a 100% interest in 61 grassroots properties in the Abitibi
Greenstone Belt, located in NE Ontario and NW Québec; in addition to which it holds a 100% interest in the Shoot-Out
Prospect, consisting of 63 claims located in the Raglan Belt of Nunavik, Québec, subject to a 3% NSR.. The Company
continues to review new opportunities.
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.