Resource News

Valterra Resource Corporation (TSXV:VQA,FWB:3VA) announced a non-flow-through private placement for gross proceeds of $600,000, and a flow-through private placement of a maximum of $600,000.

Valterra Resource Corporation (TSXV:VQA,FWB:3VA) announced a non-flow-through private placement for gross proceeds of $600,000, and a flow-through private placement of a maximum of $600,000.

As quoted in the press release:

… reported today that it plans to issue up to 4,000,000 units in a non-flow-through private placement at a price of $0.15 per unit for gross proceeds of $600,000. Each unit consists of one common share and one share purchase warrant, with each share purchase warrant exercisable to purchase one additional common share at an exercise price of $0.20 for a period of 2 years.

Valterra also announces a flow-through private placement of up to 4,000,000 flow-through shares to Canadian resident investors, each flow-through share priced at $0.15 to raise gross proceeds of a maximum of $600,000 with the gross proceeds utilized for Canadian exploration expenses, within the meaning of the Income Tax Act (Canada), related to the exploration during 2012-2013 of Valterra’s Star-Toughnut project in British Columbia and other eligible exploration expenses, with expense renunciations on December 31, 2012.

Valterra has budgeted approximately $600,000 to actively drill and trench some of the key targets on the claims with the Gold Eagle zone representing the primary target. In 2010, Valterra made two significant Au-Ag discoveries at the zone (see NR-03-11).

Click here to read the Valterra Resource (TSXV:VQA,FWB:3VA) press release

See this press release on Marketwire
Click here to see the Valterra Resource (TSXV:VQA,FWB:3VA) profile

MARKETS

Markets
TSX20265.37+83.93
TSXV662.61+2.53
DOW33999.04+18.72
S&P 5004283.74+9.70
NASD12965.34+27.22
ASX7127.70+22.30

COMMODITIES

Commodities
Gold1758.51+0.16
Silver19.510.00
Copper3.65+0.01
Palladium2156.00+14.00
Platinum915.00+4.00
Oil90.64+0.14
Heating Oil3.610.00
Natural Gas9.22+0.04

DOWNLOAD FREE REPORTS

×