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 [...]
Velocity Minerals Ltd. announces positive results of exploration at the Rudarka project , southeast Bulgaria. Work completed in recent weeks includes soil geochemistry and initial channel sampling of outcrops, the results of which define new targets which are untested by drilling to date. The soil geochemistry did not highlight an area of mineralization previously defined by historical drilling but it highlighted an area [...]
Velocity Minerals Ltd. reports that it has filed a revised National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report for the Rozino gold project, located in southeast Bulgaria. The NI 43-101 technical report is entitled "Revised NI 43-101 Technical Report Pre-Feasibility Study for the Rozino Gold Project, Bulgaria" and is dated December 15, 2021 and dated effective September 28, 2020. The [...]
Velocity Minerals Ltd. reports that it has filed an updated National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report for the Durusu deposit at the Obichnik gold project , southeast Bulgaria . The Updated Technical Report incorporates an updated Inferred Mineral Resource estimate for the Project, and incorporates the results of recently completed metallurgical test-work, which indicates [...]
Velocity Minerals Ltd. announces that it has delivered notice of option exercise to Gorubso-Kardzhali AD for the Nadezhda property , which includes the Makedontsi project . To fulfill the terms of the option agreement with Gorubso, Velocity was required to deliver an Environment Impact Assessment prepared in accordance with Chapter Six of the Bulgarian Environmental Protection Act. In addition, Velocity will sole-fund [...]
Velocity Minerals Ltd. provides an update on positive drill results from its flagship Rozino gold project located in southeastern Bulgaria . Results from 30 new drill holes include 17 drill holes containing significant gold intersects. Exploration drilling of areas adjacent to the Prefeasibility Study Rozino design pit , plus initial exploration drilling of selected gold-in-soil anomalies located proximal to Rozino have [...]
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