VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/27/12 -- Valterra Resource Corporation ("Valterra") (TSX VENTURE: VQA)(FRANKFURT: 3VA) reports that Lawrence Page, Q.C. of Suite 1100, 1199 West Hastings Street, Vancouver, B.C., together with Manex Resource Group Inc., Manex Investments Inc. and Lawrence Page Q.C. Law Corporation, companies at the same address as Lawrence Page, Q.C. and over which Lawrence Page, Q.C [...]
Valterra announces that it has closed the first tranche of its recently announced financing (NR-13-12) for gross proceeds of $1,197,300. Valterra issued 1,705,000 flow-through shares at a price of $0.10 per share for gross proceeds of $170,500, and issued 12,835,000 Units at a price of $0.08 per Unit for gross proceeds of $1,026,800. Each Unit consists of one non-flow-through common share and one-half share purchase [...]
Valterra Resource reported today that a private placement of non-flow-through Units, announced on November 1, 2012 has been oversubscribed. Subject to the completion of documentation, the company now proposes to issue 14,077,500 Units at a price of $0.08 per Unit for gross proceeds of $1,126,200. Each Unit consists of one common share and one-half share purchase warrant, with each whole warrant exercisable to purchase one [...]
Valterra Resource reported today that it plans to issue up to 7,000,000 units in a non-flow-through private placement at a price of $0.08 per unit for gross proceeds of $560,000. Each unit consists of one common share and one-half share purchase warrant, with each whole share purchase warrant exercisable to purchase one additional common share at an exercise price of $0.12 for a period of 2 years.
Valterra reports that analytical and optical analyses of a +20kg metallurgical sample from the Bobcaygeon Graphite Property, located in Southern Ontario, returned very high head grades of primarily flake graphite with flakes of up to 3mm in length. The sample, which was processed by SGS Lakefield, was comprised of float pieces from a shallow backhoe trench and returned a high-grade assay of 34% C(g). The assay compares [...]
Valterra reported today that it plans to issue up to 4,000,000 units in a non-flow-through private placement at a price of $0.15 per unit for gross proceeds of $600,000. Each unit consists of one common share and one share purchase warrant, with each share purchase warrant exercisable to purchase one additional common share at an exercise price of $0.20 for a period of 2 years.
Valterra reports that it has amended the option agreement for purchase of a 100% interest in its Toughnut property located in southeast BC. Pursuant to an amendment agreement dated July 31, 2012, the optionors of the Toughnut property have agreed to defer the cash option payment of $40,000 due on July 31, 2012 and the exploration expenditure requirement of $750,000 due on September 30, 2012 for a period of two months [...]
Valterra reports the acquisition by staking of over 1,400 hectares of new mineral claims in two regions of British Columbia. Mineral claims totaling approximately 125 hectares were added in southeast BC at the Au-Ag-Cu Star-Toughnut property where Valterra has been actively exploring since 2008. These newly acquired mineral claims have consolidated the majority of the existing claim package and cover mineralization-trends [...]
Valterra reports that, further to its news release of June 27, 2012, it has proceeded with a consolidation of its issued and outstanding common shares on a 1 new share for 10 old shares basis. Effective at the opening of the market on July 10, 2012, Valterra's shares will trade on a consolidated basis under the symbol "VQA" (with new CUSIP number 920366200). Letters of Transmittal will be forthcoming.
Valterra reports the results of its 2012 Annual General Meeting held today. All ordinary resolutions placed before the meeting were passed. Shareholders re-elected Lawrence Page, Edward Odishaw, Barry Schindel, Derek Page, Brian McGrath and Jean-Pierre Colin as directors of the Company for the ensuing year. Smythe Ratcliffe LLP, Chartered Accountants were reappointed as auditors of Valterra and the Company's rolling stock [...]
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