Velocity Minerals Ltd.

Publishes 2022 ESG Report Velocity Minerals Ltd. reports the results of its annual general meeting of shareholders held on June 22, 2023 in Vancouver, British Columbia. All the motions presented to the shareholders were approved. Votes representing 103,649,770 shares were cast, representing 60.40% of the issued and outstanding shares at the record date. A summary of the Meeting results is outlined below. Motion Votes for [...]

10,000m Exploration Drilling Initiated Velocity Minerals Ltd. announces that it has entered into a binding letter agreement with Dundee Precious Metals Inc. , whereby Velocity has granted to DPM an exclusive option to acquire a 75% interest in and to the Iglika copper-gold prospecting license , located in Bulgaria . Commercial Terms To exercise the Option in full, DPM must: make a US$250,000 initial cash payment to [...]

Velocity Minerals Ltd. has closed its previously announced non-brokered private placement by the issuance of 9,200,000 units of the Company priced at $0.15 per Unit for total gross proceeds of $1.38 million. Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant , with each Warrant entitling the holder thereof to purchase one Share at a price of $0.25 per [...]

Velocity Announces Up To $1.38 Million Non-Brokered Private Placement Velocity Minerals Ltd. announces that the Company has initiated a strategic review process and has engaged Leede Jones Gable Inc. to assist it in its review. The Advisor will work with Velocity's management and Board to evaluate a range of strategic alternatives that may be available to the Company to grow and maximize value for all shareholders . There [...]

Issues Shares to Vendor Velocity Minerals Ltd. announces that it has received TSX Venture Exchange approval for the previously announced binding letter agreement with Zelenrok EOOD , a wholly-owned subsidiary of Raiden Resources Ltd. . Pursuant to the Letter Agreement, Velocity has been granted an exclusive option to acquire up to a 75% interest in and to the prospecting and exploration license covering the 195 km2 [...]

Velocity Minerals Ltd. has closed its previously announced non-brokered private placement by the issuance of 10,000,000 units of the Company priced at $0.15 per Unit for total gross proceeds of $1,500,000. Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant , with each Warrant entitling the holder thereof to purchase one Share at a price of $0.25 per Share [...]

Velocity Minerals Ltd. announces a non-brokered private placement of up to 10,000,000 units of the Company priced at $0.15 per Unit for total gross proceeds of up to $1,500,000. Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant , with each Warrant entitling the holder thereof to purchase one Share at a price of $0.25 per Share for a period of 18 [...]

Velocity Minerals Ltd. announces that it has entered into a binding letter agreement with Zelenrok EOOD , a wholly-owned subsidiary of Raiden Resources Limited , whereby Velocity has been granted an exclusive option to acquire, in two stages, up to a 75% interest in and to the prospecting and exploration licence covering the 195 km² Zlatusha gold-copper property , located in Bulgaria. The Option consists of a first option [...]

Velocity Minerals Ltd. announces the appointment of Gerrie van der Westhuizen to its board of directors , as the nominee of Artemis Gold Inc. under the January 16, 2019 strategic investment agreement between the parties, replacing Chris Batalha. Mr. Batalha has resigned as a director of Velocity effective December 15, 2022. Gerrie van der Westhuizen Gerrie van der Westhuizen is VP Finance and Assistant Corporate Secretary [...]

Velocity Minerals Ltd. announces the appointment of Chris Batalha to its board of directors , as the nominee of Artemis Gold Inc. under the January 16, 2019 strategic investment agreement between the parties, replacing Steven Dean. Mr. Dean has resigned as a director of Velocity effective March 23, 2022, but will remain an advisor to the Board. Chris Batalha Chris Batalha is a Certified Professional Accountant with over a [...]