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Valterra Resource Appoints Paulo Aguirre as Chief Geologist for Brazil; Extends Closing of Previously Announced Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2020) - Valterra Resource Corporat...
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[{"type":"text","content":"Valterra Resource Appoints Paulo Aguirre as Chief Geologist for Brazil; Extends Closing of Previously Announced Private PlacementVancouver, British Columbia--(Newsfile Corp. - November 2, 2020) - Valterra Resource Corporation (TSXV: VQA) (OTCQB: VRSCF) (\"Valterra\" or the \"Company\") reports that it has appointed Paulo Afonso de Aguirre to the position of Chief Geologist of Valterra's Brazilian operation. Mr. Aguirre was for the past 12 years a senior geologist for AngloGold Ashanti in Brazil. Paulo has 16 years of experience as a geologist in Brazil with roles also at Jaguar Mining Inc. and Troy Resources Limited. During his career, Paulo has held technical and managerial positions responsible for mine and exploration geology, focused on adding quality resources and reserves and on assisting with production. As a superintendent geologist at AngloGold Ashanti Brasil, Paulo was responsible for mine geology, mine district and brownfield exploration work, and managing drilling programmes of over 120 km/year. Paulo holds a GEOLOGY degree(s) from Universidade Federal de Minas Gerais and an MBA in Mineral Resource Economic Management from the B.I. International and Gorceix Foundation.At Valterra, Paulo will be focused on identifying near-to-mine targets in the Pocone and Livramento districts with particular focus on developing scalable, low-cost production.President Lawrence Page commented, \"Valterra believes there is significant scope in Brazil to grow through acquisition of existing production properties that have historically been undercapitalised but have the potential to develop large and high-margin resources, and we welcome Paulo as an integral member of our team.\"Valterra also reported today that the Company has received approval from the TSX Venture Exchange to extend the closing date of the previously announced private placement by 30 days from the date of this news release. The private placement, which was initially announced on September 17, 2020, consists of up to 30,000,000 units at a price of $0.10 per unit for a total of $3,000,000. Each unit will consist of one common share and one-half warrant, with each full warrant exercisable to purchase one common share for a period of 3 years at $0.15. The Company will make provision for an over-allotment option (Greenshoe) to allow a purchase of up to 10% additional units b...