Valterra Resource Corp. reports that it has appointed Paulo Afonso de Aguirre to the position of Chief Geologist of Valterra's Brazilian operation. Mr. Aguirre was for the past 12 years a senior geologist for AngloGold Ashanti in Brazil. Paulo has 16 years of experience as a geologist in Brazil with roles also at Jaguar Mining Inc. and Troy Resources Limited. During his career, Paulo has held technical and managerial [...]
Valterra Resource Corp. reports that it has received high-grade gold assays from verification sampling at the Lima Gold project, located in the Poconé Mining District, Brazil. The project was recently purchased 100% by Poconé Mining Mineração Ltda, , which Valterra is acquiring as a wholly owned Brazilian subsidiary, subject to regulatory approval. Eight samples were collected from limited vein exposures in two [...]
Valterra Resource Corp. has commenced a 5,000-tonne bulk sampling program at its Livramento gold project, located in the Poconé Mining District, Brazil. Pocone Mining Ltda, which Valterra is acquiring, subject to regulatory approval as a wholly-owned Brazilian subsidiary, has made an initial down-payment on the purchase price of the Livramento property , and has recently made a further payment of BRL 1 million towards the [...]
Valterra Resource Corp. has entered into a debt settlement agreement to settle a debt of $191,969.29 by the issuance of 2,132,992 common shares at a price of $0.09 per share. The debt was incurred as a result of annual advance minimum royalty payments on the Swift Katie property that had accrued over the last three years. This debt settlement is subject to TSX Venture Exchange acceptance. The securities that will be [...]
Valterra Resource Corp. reported today that it plans to issue up to a total of 30,000,000 units in a non-brokered private placement at a price of $0.10 per unit for gross proceeds of Cdn $3.0M. 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 $0.15. The Company will make provision for an over-allotment option to [...]
Valterra Resource Corp. has agreed to purchase all of the issued and outstanding quotas of Poconé Mining Mineracao Ltda , a private Brazilian company 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. As consideration for the acquisition of PMM, the Company will issue 8,000,000 common [...]
Valterra Resource has closed the second and final tranche of its previously reported private placement by issuing 20,910,000 units at a price of $0.05 per unit for gross proceeds of $1,045,500. In total, the Company has now closed 28,170,000 units in two tranches for total gross proceeds of $1,408,500. Each unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share [...]
Valterra Resource Corp. reported today that it has received Exchange approval to increase the recently announced private placement from $1.0M to $1.4M. The Company now plans to issue up to 28,000,000 units in the non-brokered private placement at a price of $0.05 per Unit to raise gross proceeds of $1.4M. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase [...]
Valterra Resource Corp. has closed the first tranche of its previously reported private placement by issuing 7,260,000 units at a price of $0.05 per unit for gross proceeds of $363,000. Each unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of four years at an exercise price of $0.10 per common share. Securities issued pursuant to this first [...]
Valterra Resource Corp. reported today that it is increasing the recently announced private placement from $750,000 to $1,000,000. The Company now plans to issue up to 20,000,000 units in the non-brokered private placement at a price of $0.05 per Unit to raise $1,000,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a [...]
Valterra Resource Corp. reported today that it plans to issue up to a total of 15,000,000 units, in a non-brokered private placement at a price of $0.05 per unit for gross proceeds of Cdn $750,000. Each unit will consist of one common share and one warrant, with each warrant exercisable to purchase one common share for a period of 4 years at $0.10. The Company will make provision for an over-allotment option to allow a [...]
Valterra Resource Corp. is pleased to announce the appointment of John Kerr, P.Eng. Geologist to the board of directors. Mr. Kerr graduated from the University of British Columbia in 1964 with a Bachelor of Applied Science degree in Geological Engineering. He has participated in the mining industry continuously since graduation as an exploration geologist. His expertise is epithermal and sedex-hosted precious metal [...]