Valterra Closes Second Tranche of Private Placements

Valterra Resource Corporation (ETR:3VA) reports that it has closed the second tranche of its private placements for gross proceeds of $226,750.

The press release is quoted as saying:

Valterra issued 2,810,000 units in a flow-through private placement at a price of $0.05 per unit (“Flow-Through Unit”) for gross proceeds of $140,500, and issued 1,725,000 units in a non-flow-through private placement at a price of $0.05 per unit (“NFT Unit”) for gross proceeds of $86,250. Each Flow-Through Unit consists of one flow-through common share and one-half share purchase warrant, with each whole warrant (a “Warrant”) exercisable to purchase one non-flow-through common share at an exercise price of $0.10 per share for a period of two years.

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