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Val-d'Or Mining Announces $1,325,000 Private Placement Financing
Val-d’Or, Québec--(Newsfile Corp. - May 9, 2025) - Val-d'Or Mining Corporation (TSXV:...
About this update from Val-d'or Mining Corporation
[{"type":"text","content":"Val-d'Or Mining Announces $1,325,000 Private Placement FinancingVal-d’Or, Québec--(Newsfile Corp. - May 9, 2025) - Val-d'Or Mining Corporation (TSXV: VZZ) (the \"Company\") announces that it will conduct a non-brokered private placement offering pursuant to which it will issue up to 26,500,000 Units at a per Unit price of $0.05 for gross proceeds of up to $1,325,000. Each Unit will consist of one common share in the capital of the Company and one non-transferable share purchase warrant entitling the purchase of one common share at a per share price of $0.075 for 24 months from the date of issuance of the securities.Directors and/or officers of the Company may participate in the offering. Participation by insiders constitutes a related party transaction under Policy 5.9 of the Exchange and Multilateral Instrument 61-101 (\"MI 61-101\"). The Company will avail itself of the exemptions contained in section 5.5(c) of MI 61-101 (distribution of securities for cash) for an exemption from the formal valuation requirement and Section 5.7(1)(b) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101, as the fair market value of the securities distributed in connection with the offering, and the consideration received by the Company for those securities will not exceed $2,500,000.Funds raised pursuant to this offering will be used for the advancement of the Company's projects and for general corporate purposes. Finder's fees in amounts to be determined may be payable to persons who introduce the Company to subscribers to the offering. The offering is subject to acceptance by the TSX Venture Exchange (the \"Exchange\"). All securities issued will be subject to a hold period of four months and one day from the date of closing of the offering in accordance with applicable securities legislation and Exchange policies. About Val-d'Or Mining CorporationVal-d'Or Mining Corporation is a junior natural resource issuer involved in the process of acquiring and exploring its mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE Ontario and NW Québec. To complement its current property interests, the Company regularly evaluates new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi Greenstone Belt, the Company ho...