By Laura Lutz
Washington, Dec. 8 - Golden Valley Mines Ltd. announced a private placement for up to C$1.5 million.
The company plans to sell up to 3,658,536 flow-through shares to investors in Ontario and Quebec for C$0.41 per share.
MineralFields Group and Blackmont Capital Inc. will each invest C$500,000 in the deal.
Settlement is expected on or before Dec. 29, subject to regulatory approval.
Proceeds will be used for exploration and development at the company's properties in Ontario and Quebec.
Golden Valley is a Montreal-based mining company.
| Issuer: | Golden Valley Mines Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$1.5 million
|
| Shares: | 3,658,536
|
| Price: | C$0.41
|
| Warrants: | No
|
| Investors: | MineralFields Group (for C$500,000), Blackmont Capital Inc. (for C$500,000)
|
| Pricing date: | Dec. 8
|
| Settlement date: | Dec. 29
|
| Stock symbol: | TSX Venture: GZZ
|
| Stock price: | C$0.38 at close Dec. 8
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
