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