Cassels acted as Canadian counsel to Valor Resources Limited.
On November 25, 2021, Valor Resources Limited (ASX:VAL) 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.
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.
Valor Resources Limited is engaged in metals exploration and project development, primarily the Berenguela copper-silver deposit in the Puno Department of southern Peru.
The Cassels’ team comprised Gordon Chambers (Picture) e David Bach.
Law Firms: Cassels Brock & Blackwell LLP;
Clients: Valor Resources Limited;