Val-d’Or Mining Proposes Debenture Financing Plan

Val-D’or Mining Corporation (TSE:VZZ) has released an update.

Val-d’Or Mining Corporation has proposed the issuance of up to $430,000 in Debenture Units, each consisting of a $10,000 convertible debenture and 70,000 common share purchase warrants, with a 12-month term and 6% annual interest. The offering, subject to regulatory approvals, aims to fund the advancement of the company’s projects and general corporate purposes, with potential insider participation being exempt from certain valuation and shareholder approval requirements.

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