Tuesday, November 30, 2021

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Valor Resources: Raises $5.4m for Canadian projects

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
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