Business
Valterra Resource Corp. Arranges Shares for Debt Settlement
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2020) - Valterra Resource Corporation (TSXV: VQA) (OTCQB: VRSCF) ("Valterra" or the "Company") has ent
About this update from Paradigm Gold Corporation
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 2, 2020) - Valterra Resource Corporation (TSXV: VQA) (OTCQB: VRSCF) (\"Valterra\" or the \"Company\") has entered into a debt settlement agreement to settle a debt of $191,969.29 by the issuance of 2,132,992 common shares at a price of $0.09 per share. The debt was incurred as a result of annual advance minimum royalty payments on the Swift Katie property that had accrued over the last three years. This debt settlement is subject to TSX Venture Exchange acceptance. The securities that will be issued upon this debt settlement will be subject to a hold period of four months and one day from issuance. About Valterra Resource Corporation Valterra is a Manex Resource Group Company. The group provides expertise in exploration, administration, and corporate development services for Valterra's mineral properties located in Brazil, British Columbia and Mexico. Valterra's prime focus is on advancing its Brazilian properties, with a secondary focus on its early stage properties that have the potential to host large deposits in regions with excellent infrastructure. Upon acquisition of Poconé Mining Mineracao Ltda, Valterra will indirectly hold a 100% interest in the Lima Gold Project and an option to acquire a 100% interest in the Livramento Gold Project, both located in Brazil. Valterra also owns a 100% interest in the Swift-Katie copper gold porphyry property in British Columbia and has an option to earn a 100% interest in the Los Reyes copper- gold property in Mexico. On behalf of the Board of Directors, \"Lawrence Page\" Lawrence Page Q.C., President, Valterra Resource Corporation For further information, please visit Valterra's website at valterraresource.com or contact Valterra at 604.641.2759 or by email at [email protected]. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and un...