Mining & Metals
Valkea Resources Raises $8 Million Via "Best Efforts" Private Placement
Valkea Resources (OZ.V) closed its "best efforts" private placement of 20.1-million common shares at $0.40 apiece for $8 million, including the partial exercise of the agents' option, it said on Tuesday.Proceeds will be used for exploration and development at its properties in the Central Lapland Greenstone Belt of Northern Finland, and for working capital and general corporate needs.Existing insider of the company Thomas Credland and Archambeault, participated in the offering and acquired 1-million common shares for $400,000 and 625,000 common shares for $250,000, respectively.Shares of the company were last seen unchanged at $0.41 on the TSX Venture Exchange.
$OZ.V
