ValOre Closes $3.6 Million Private Placement

Provided By Globe Newswire

Last update: Apr 21, 2023

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VANCOUVER, British Columbia, April 21, 2023 (GLOBE NEWSWIRE) -- ValOre Metals Corporation (“ValOre”) (TSX-V: VO) today announced the closing of a second and final tranche of the previously announced non-brokered private placement (the “Offering”) (See ValOre news release of April 05, 2023). The second tranche consisted of 3,775,000 units (the “Units”) at a price of $0.20 per Unit for gross proceeds of $755,000. Each Unit consists of one common share (“Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will be exercisable into one Share for C$0.30 per Share for a period of two years expiring April 21, 2025. The aggregate of the first and second tranche consisted of 18,365,000 Units at a price of $0.20 per unit for total gross proceeds of $3,673,000.