Business
Valkea Raises C$4.1M in Private Placement
Leading Strategic Junior Mining Investor Michael Gentile Has Become a 9.9% Shareholder on a Parti...
About this update from Valkea Resources Corp
[{"type":"text","content":"Valkea Raises C$4.1M in Private PlacementLeading Strategic Junior Mining Investor Michael Gentile Has Become a 9.9% Shareholder on a Partially-diluted Basis and Will Join as an AdvisorVancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Valkea Resources Corp. (TSXV: OZ) (OTCQB: OZBKF) (the \"Company\" or \"Valkea\") is pleased to announce that, further to it's news releases dated June 4 and June 17, 2025, it has closed its non-brokered private placement of units (\"Units\") of the Company (the \"Financing\") for gross proceeds of C$4.1 million.As a result of his participation in the Financing, leading strategic junior mining investor, Michael Gentile, now holds approximately 9.9% of the issued and outstanding common shares in the capital of the Company (the \"Shares\"), on a partially-diluted basis, immediately following the closing of the Financing and has joined as an advisor. Mr. Gentile is widely recognized as one of the leading investors in the junior mining sector, with top five ownership positions in over 20 publicly traded exploration and mining companies. He is also currently a director of Group Eleven Resources (TSXV: ZNG), Northern Superior Resources (TSXV: SUP), OnGold (TSXV: ONAU), Radisson Mining Resources (TSXV: RDS), Roscan Gold (TSXV: ROS), and Solstice Gold (TSXV: SGC), and a Strategic Advisor to Northisle Copper and Gold (TSXV: NCX).In addition to Mr. Gentile, Primevest Capital Corp., a specialty investment manager, and another high-profile mining investor have also made significant strategic investments in the Financing, and now each hold approximately 9.9% of the issued and outstanding Shares , on a partially-diluted basis, immediately following the closing of the Financing.\"Bringing Michael Gentile on board as an advisor-and welcoming him as a cornerstone shareholder along with significant investments from other shareholders, including Primevest, is a real validation for our projects and strengthens our shareholder base,\" commented Chris Donaldson, CEO. \"Michael's deep market insight, strategic vision, and shared commitment to responsible exploration, greatly enhance our capacity for success. His involvement strengthens our leadership team and signals a strong vote of confidence in our Finnish exploration agenda.\"FINANCING CLOSEPursuant to the Financing, a total of 16,400,000 Units were ...