- Val-d’Or (VZZ) has closed a flow-through private placement for gross proceeds of C$400,000.32
- The company will use the proceeds to conduct further exploration work on its properties in the Abitibi Greenstone Belt
- All properties contain prospective gold showings backed up by abundant historical exploration
- Val-d’Or Mining focuses on precious and base metal assets in Ontario and Québec
- Val-d’Or (VZZ) closed unchanged trading at $0.13 per share
Val-d’Or (VZZ) has closed a flow-through private placement for gross proceeds of C$400,000.32.
It issued 1,111,112 national flow-through shares and 1,111,112 Québec flow-through shares priced at $0.18 per share.
The shares qualify as flow-through shares as defined in the Income Tax Act of Canada and the Taxation Act of Québec.
The company will use the proceeds to conduct further exploration work on its properties in the Abitibi Greenstone Belt, all of which contain prospective gold showings backed up by abundant historical exploration.
All securities issued under the offering are subject to a hold period until April 22, 2022.
Val-d’Or Mining focuses on precious and base metal assets in Ontario and Québec.
Val-d’Or (VZZ) closed unchanged trading at $0.13 per share.