Valterra Resource Corporation (CNSX: VTA) has closed the first tranche of the two previously announced private placements resulting in gross proceeds of Cdn$583,000.
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Each flow through unit issued in the first tranche was priced at $0.08 per flow through unit and contains 1 flow through common share and ½ of one share purchase warrant. A whole warrant enables its holder to purchase 1 additional now flow through common share at a price of $0.15 per share for a period of 2 years. The first tranche contained 6,975,000 units, which resulted in gross proceeds of $558,000.
Valterra Resource Corporation is focused on exploring high-grade mineral deposits in British Columbia, Canada. The Company is well-structured with an experienced Geological Team, Management Group and Board of Directors.
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