By Laura Lutz
Des Moines, Nov. 16 - Golden Valley Mines Ltd. arranged a private placement for up to C$1.023 million.
The company plans 3.1 million flow-through shares at C$0.33 each through adviser Desjardins Securities Inc.
Proceeds will be used for exploration and development on the company's James Bay, Abitibi and other grass-roots properties in Quebec.
Golden Valley is a mineral exploration company based in Val d'Or, Quebec.
| Issuer: | Golden Valley Mines Ltd.
|
| Issue: | Flow-through stock
|
| Amount: | C$1.023 million
|
| Shares: | 3.1 million
|
| Price: | C$0.33
|
| Warrants: | No
|
| Adviser: | Desjardins Securities Inc.
|
| Pricing date: | Nov. 16
|
| Stock symbol: | TSX Venture: GZZ
|
| Stock price: | C$0.305 at close Nov. 16
|
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