Valorem Acquires 100% of British Columbia Gold Project in Cariboo District.

MANews-(C)2009-2021

Canadian precious metals exploration company Valorem Resources Inc. (CSE: VALU) (Frankfurt: 1XW1) has agreed to acquire 100% of the issued and outstanding shares of 1267818 B.C. Ltd., a British Columbia a gold project located in the Cariboo District, the company said.

The BC Property comprises multiple tenure blocks, totaling more than 4,000 ha, which target the Transitional or Basalt Siltstone of the Barkerville Terrain.

Pursuant to the Agreement, the company will acquire the BC Property by way of a three-cornered amalgamation, and will assume all of the assets of the BC Property.

As consideration for the BC Property, the company will issue a total of 30m common shares to five independent shareholders of 1267818 B.C. Ltd. (representing approximately 37.32% of the company's issued and outstanding shares). No new insiders and no control...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT