Valterra Resource Corp: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Valterra Resource Corp announces private placements
Valterra Resource Corp:Says plans to issue up to 8,000,000 units in a non-flow-through private placement at a price of $0.05 per unit for gross proceeds of $400,000.Says Each unit consists of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share at an exercise price of $0.05 for a period of three years.Says it also plans to issue 1,000,000 flow-through shares to Canadian resident investors at a price of $0.05 per flow through share for proceeds of $50,000.Says proceeds from the private placements will be used for property payments, general working capital and for exploration expenses incurred on the Bobcaygeon Graphite Property located in southern Ontario.Says.
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