Valterra Resource Corp. plans to issue up to 25,000,000 units at $0.05 per unit in a private placement for total gross proceeds of Cdn$1,250,000. Each unit will consist of one common share and one-half share purchase warrant, with each full warrant exercisable for three years with the right to purchase one common share at an exercise price of $0.10 per share. Finders' fees and commissions may be paid by Valterra in [...]
Valterra Resource Corp. has entered into an agreement to settle a debt of C$225,000 by the issuance of 4,500,000 common shares at a price of C$0.05 per share. As previously announced, Valterra agreed to purchase all of the outstanding quotas of Poconé Mining Mineração Ltda , a private Brazilian company which holds a 100% interest in the Lima gold property and an agreement to purchase a 100% interest in the Livramento gold [...]
Valterra Resource Corp. reports that the Board of Directors has approved the sale of Poconé Mining Mineração Ltda , which holds a 100% interest in the Lima gold property and a binding agreement to purchase a 100% interest in the Livramento gold property, both located in the Poconé Mining District, Brazil, to Pilar Gold Inc. . The closing of the transaction is subject to TSX Venture Exchange approval. The terms of the sale [...]
Valterra Resource Corp. reports that the Company will apply to the TSX Venture Exchange for approval to amend the terms and reprice the following three series of warrants issued in connection with three separate private placements to $0.125; warrants issued on October 5, 2016 at $1.00 with expiry date October 5, 2021; warrants issued on December 29, 2016 at $1.00 with expiry date December 29, 2021; and warrants issued on [...]
Valterra Resource Corp. reports on the status of bulk sampling currently underway at the Livramento predevelopment-stage gold project. The planned 5,000-tonne bulk-sampling program follows recommissioning of the Livramento mill and stripping of overburden from two sample sites. Approximately 1,560 tonnes of bulk sample from two vein zones have been processed through the mill as of March 30th, and an additional 1,940 [...]
Valterra Resource Corp. has completed a number of requisite tasks prior to commencement of a 5,000-tonne bulk-sampling program at the Livramento gold project. Acquisition - Poconé Mining Mineração Ltda, is a private Brazilian company that Valterra is acquiring, subject to regulatory approval, as a wholly owned Brazilian subsidiary. PMM is purchasing the Livramento property and has assumed possession and full operational [...]
Valterra Resource Corp. reports that the Company has applied to the TSX Venture Exchange for approval to amend the terms and reprice the outstanding transferrable share purchase warrants, which Warrants were issued on March 28, 2018 and April 23, 2018 in connection with a private placement. The original exercise price of $0.50 per share is to be reduced to $0.125 per share. The expiration date of the Warrants will remain [...]
Valterra Resource Corp. reports that it has granted incentive stock options to directors, officers and consultants to purchase an aggregate 4,550,000 common shares. The options are exercisable at a price of $0.10 per share for a period of five years and are subject to the policies of the TSX Venture Exchange. Update of the Livramento Gold Project. The recently announced 5,000-tonne bulk-sampling/trial-processing program [...]
Valterra Resource Corp. reports that it has closed the second and final tranche of its previously reported private placement by issuing 14,666,667 units at a price of $0.075 per unit for gross proceeds of $1,100,000.03. In total, the Company has now closed 21,886,997 units in two tranches for total gross proceeds of $1,641,524.78. Each Unit consists of one common share and one half share purchase warrant exercisable to [...]
Valterra Resource Corp. reports that it has closed the first tranche of its previously reported private placement by issuing 7,220,330 Units at a price of $0.075 per unit for gross proceeds of $541,524.75. Each Unit consists of one common share and one half share purchase warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.125 per common share. Securities [...]
Valterra Resource Corp. reports that it has appointed Israel Oliveira to the position of Chief Mining Engineer of Valterra's Brazilian operations conducted by Pocone Mining Minercao LTDA. Mr. Oliveira has over 27 years of experience in the Brazilian gold mining industry with management roles at AngloGold Ashanti, Jaguar Mining, Vale, Orinoco Gold, Paulo Abib Engenharia and most recently NEXA. Israel's roles have spanned [...]
Valterra Resource Corp. reports today that the Company has amended the current private placement, which was initially announced on September 17, 2020, so that it now consists of up to 20,000,000 units at a price of $0.075 per unit for a total of $1,500,000. Each unit will consist of one common share and one-half warrant, with each full warrant exercisable to purchase one common share for a period of 3 years at $0.125. The [...]