Valkea Resources announces private placement of up to C$2.5 million
Valkea Resources Corp. (TSXV: OZ) (OTCQB: OZBKF) announced a non-brokered private placement offering up to 10 million units at C$0.25 per unit for aggregate gross proceeds of up to C$2.5 million.
Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one share at an exercise price of C$0.35 for 36 months following the issuance date.
The private placement is expected to close on or about January 15, 2026, subject to regulatory approvals including approval from the TSX Venture Exchange. Securities issued will be subject to a four-month hold period from the issuance date.
The company may pay finder's fees in connection with the private placement in accordance with TSXV policies. Valkea plans to use net proceeds for exploration and working capital purposes.
The Vancouver-based company focuses on gold exploration in Finland's Central Lapland Greenstone Belt, with projects including the Paana project.
The securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold within the United States unless registered or an exemption from registration requirements is available.
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