Valterra Resource Corporation (TSXV:VQA) announced the closing of the second tranche of its recent financing. The Company raised an aggregate of $1,287,300. Valterra raised gross proceeds of $41,000 in the closing of the second tranche.
As quoted in the press release:
Each Unit consists of one non-flow-through common share and one-half share purchase warrant, with each whole warrant exercisable to purchase one additional non-flow-through common share at an exercise price of $0.12 per share for a period of two years. All securities issued in this second tranche, including common shares, share purchase warrants, and finders’ warrants issued as finders’ fees, include a legend restricting trading of the securities until March 31, 2013.
|Otis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.|