Valterra Closes Private Placement
January 02 2014 - 3:01PM
Marketwired Canada
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Valterra Resource Corporation ("Valterra") (TSX VENTURE:VQA)(FRANKFURT:3VA) has
closed its recently announced flow-through private placement by issuing
1,000,000 flow-through shares at a price of $0.05 per flow-through share for
proceeds of $50,000. All securities issued in this financing include a legend
restricting trading of the securities until May 1, 2014. Finder's fees may be
payable. The private placement is subject to TSX Venture Exchange acceptance.
Proceeds from the private placements will be used for exploration expenses
incurred on the Bobcaygeon Graphite Property located in southern Ontario. Recent
exploration has generated high-grade, high-purity, flake graphite drill targets
from shallow trenching and ground geophysics. One prospective anomaly covers an
800m x 400m area; being co-incident with the Discovery Zone and remains open for
expansion. A Phase I drill program totaling up to 2,500m is proposed for early
2014 to extend the Discovery Zone and test new targets.
About Valterra Resource Corporation
Valterra is a Manex Resource Group Company. The group provides expertise in
exploration, administration, and corporate development services for Valterra's
mineral properties located in British Columbia and Ontario. Valterra is focused
on early stage properties with the potential to host large deposits, in regions
with excellent infrastructure. Over the last several years, Valterra has
acquired and is exploring several key projects including "Swift Katie" and
"Bobcaygeon" which are located near roads, rail, power, and resource communities
in Canada.
Robert Macdonald, MSc., P.Geo., is the Qualified Person responsible for the
preparation of the technical information presented in this release.
On behalf of the Board of Directors,
Lawrence Page, QC, President, Valterra Resource Corporation
For further information, please visit Valterra's website at valterraresource.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. These statements are based on a number of assumptions, including,
but not limited to, assumptions regarding general economic conditions, interest
rates, commodity markets, regulatory and governmental approvals for Valterra
Resource Corporation's projects, and the availability of financing for Valterra
Resource Corporation's development projects on reasonable terms. Factors that
could cause actual results to differ materially from those in forward looking
statements include market prices, exploitation and exploration successes, the
timing and receipt of government and regulatory approvals, and continued
availability of capital and financing and general economic, market or business
conditions. Valterra Resource Corporation does not assume any obligation to
update or revise its forward-looking statements, whether as a result of new
information, future events or otherwise, except to the extent required by
applicable law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Valterra Resource Corporation
Lawrence Page, QC
President
1.888.456.1112
info@mnxltd.com
www.valterraresource.com
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