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aktueller Kurs 0,58 Cad und anstatt 7 Mill. wurden 11 Mio. eingesammelt.Starkes Zeichen für einen Explorer.Mit dem Geld soll nach der starken Exploration in Brasilien auf dem Pedra Branca (PGE) , jetzt endlich wieder geld in das frühere Hauptprojekt Angilak(Uran) investiert werden.Um hier die vorhanden Ressourcen zu erweitern und die starke Erweiterung des Projekts aufzuzeigen.
"ValOre Announces Closing of Upsized Brokered Private Placement for Gross Proceeds of $11 Million
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, Nov. 17, 2021 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”, or the “Company”) (TSX-V:VO, OTC:KVLQF, Frankfurt: KEQ) today announced the closing of the previously announced "best efforts" brokered private placement (the "Offering") for gross proceeds of C$11,000,000, which includes the proceeds from the full exercise of the Agent’s option. Due to significant demand, the Offering was upsized from the original gross proceeds of C$7.0 million. Under the Offering, the Company sold 18,333,333 flow-through units of the Company to charitable purchasers (each, a "Charity FT Unit") at a price of C$0.60 per Charity FT Unit. Red Cloud Securities Inc. (the “Agent”) acted as sole agent and bookrunner under the Offering.
Each Charity FT Unit consists of one common share of the Company (each, a "FT Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"), each of which is issued as a “flow-through share” within the meaning of the Income Tax Act (Canada). Each Warrant shall entitle the holder to purchase one common share of the Company (each, a "Warrant Share") at a price of C$0.65 per Warrant Share at any time on or before November 17, 2023. The Warrant Shares issuable upon exercise of the Warrants will not qualify as “flow-through shares” for the purposes of the Income Tax Act (Canada). The FT Shares and Warrant Shares are subject to a hold period ending on March 18, 2022 in accordance with applicable securities laws.
ValOre's Chairman and CEO, Jim Paterson, commented, "We are thankful for the ongoing support of existing ValOre shareholders and the high interest level of new investors demonstrated by the success of this financing. Raising funds at this time will allow us to return to ValOre’s Angilak Property uranium project in the 2022 season with a significant and material exploration budget and a well-planned program. We are very excited to get back on a project with so much exploration upside."
The Company intends to use the proceeds raised from the Offering for exploration work on ValOre's wholly-owned Angilak Property Uranium Project in Nunavut Territory which hosts the Lac 50 Trend uranium deposits that have a current Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds U3O8. The gross proceeds from the issuance of the FT Shares will be used for “Canadian Exploration Expenses” (within the meaning of the Income Tax Act (Canada)) (the “Qualifying Expenditures”), which will be renounced with an effective date no later than December 31, 2021 to the purchasers of the Charity FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares."
ceo.ca/@nasdaq/...nounces-closing-of-upsized-brokered-private
