Uranium Valley Mines Announces Private Placement Financing
Val-d’Or, Québec – September 22, 2016 – Uranium Valley Mines Ltd. (NEX:VZZ.H) (the “Company”) announces that it will conduct a non-brokered private placement offering (the “Financing”) of up to 2,000,000 units (the “Units”) at a per Unit price of $0.10 for gross proceeds of up to $200,000, each Unit consisting of one common share in the capital of the Company and one non-transferable common share purchase warrant entitling the holder to purchase one common share in the capital of the Company at a per share price of $0.13 for 12 months from the date of issuance.
The Financing is subject to acceptance by the TSX Venture Exchange. In accordance with applicable securities legislation, all securities to be issued under the Financing will be subject to a hold period of four months and one day from the date of issuance.
The Company may pay finder’s fees in amounts yet to be determined to parties who introduce the Company to subscribers to the Financing.
Net proceeds from the sale of the Units will be used by the Company for general corporate purposes.
Glenn J. Mullan, Chief Executive Officer
(819) 824-2808 – Head Office
(514) 835-8384 – cell phone
Email: glenn.mullan@goldenvalleymines.com
Forward Looking Statements
This news release contains certain statements that may be deemed “forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Neither the 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 news release.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. .PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.