Val-d’Or Mining is looking to raise gross proceeds of up to $1 million from the placement of up to 6,250,000 units priced at $0.16 per unit. The units consist of 1 share and one-half a warrant, with each full warrant exercisable at $0.20 for 24 months.
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Video Transcript:
I’m Ebony North for Investmentpitch Media
Val-d’Or Mining Corporation has announced a non-brokered private placement.
The company is looking to raise gross proceeds of up to $1 million from the placement of up to 6,250,000 units priced at $0.16 per unit.
The units consist of 1 share and one-half a warrant, with each full warrant exercisable at $0.20 for 24 months.
The shares are currently trading at $0.17.
Net proceeds will be used for general corporate purposes.
As a project generator, the company focuses on the generation of new projects and early-stage exploration properties and currently holds a 100% interest in a large group of grassroots properties located in the Abitibi Greenstone Belt of NE Ontario and NW Québec, ranging from gold, copper-zinc-silver, nickel-copper-PGE to industrial and energy minerals.
The company also owns several other properties in Northern Québec covering different geological environments and commodities such as nickel, copper and PGE’s, along with several NSRs.
To complement its current property interests, the company regularly evaluates new opportunities for staking and/or acquisitions.
After the initial value creation, the company seeks option/joint venture partners with the technical expertise and financial capacity to conduct more advanced exploration projects.
For more information, please visit the company’s website at www.valdormining.com, contact Glenn J. Mullan, President and CEO, at 819-824-2808, ext 204, or by email at glenn.mullan@GoldenValleyMines.com.
I’m Ebony North for Investmentpitch Media
