Valor Resources Raises $5.4m for Canadian projects
- Valor Resources (VAL) successfully completes its share placement and raises $5.4 million through the issue of 319 million shares priced at 1.71 cents
- This price represents a seven per cent premium to Valor’s closing price of 1.6 cents on November 22
- Valor is using the money to accelerate and expand exploration activities across the Hook Lake and Cluff Lake projects in Canada
- Drilling is set to begin at Hook Lake in January 2022 with camp construction to commence in December
- Valor is up 6.25 per cent on the market with shares trading at 1.7 cents
