- ValOre Metals (VO) closes $3.6 million private placement
- The second tranche has 3,775,000 units, worth $0.20 each for $755,000
- The aggregate of the first and second tranche consisted of 18,365,000 units at $0.20 for total gross proceeds of $3,673,000
- ValOre will use the net proceeds to conduct mineral exploration and for general working capital expenses
- ValOre Metals (VO) is down 2.44 per cent, trading at C$0.20.
ValOre Metals (VO) closed the second and final tranche of the previously announced non-brokered private placement.
The second tranche has 3,775,000 units, worth $0.20 each for $755,000.
Each warrant will be exercisable into one share for C$0.30 each for two years expiring April 21, 2025.
The aggregate of the first and second tranche consisted of 18,365,000 units at $0.20 for total gross proceeds of $3,673,000.
ValOre will use the net proceeds to conduct mineral exploration at its 100 per cent owned Pedra Branca Platinum Group Elements project in Brazil and for general working capital purposes.
All securities issued pursuant to the offering are subject to TSXV and securities regulatory legends expiring on August 22, 2023.
ValOre Metals is a Canadian company with a portfolio of high‐quality exploration projects.
ValOre Metals (VO) is down 2.44 per cent, trading at C$0.20.