On November 25, 2021, Valor Resources Limited completed a flow-through private placement of approximately 319,000,000 common shares at a price of A$0.0171 per share for aggregate proceeds of A$5.4 million (C$5 million). The flow-through private placement was completed at a 7% premium to the closing share price prior to the announcement of the transaction. The ordinary shares were issued to clients of Peartree Securities Inc.
Valor Resources is an Australian company, and the proceeds from the private placement will be used to expand and accelerate exploration activities at Valor’s various uranium projects in the Athabasca Basin in Saskatchewan.
Cassels represented Valor in Canada.