Dec 14 (Reuters) - Golden Valley Mines Ltd GZZ.V
* Golden Valley Mines and Uranium Valley Mines announce option agreement, non-brokered private placement and exploration update
* Golden Valley Mines Ltd says Uranium Valley will issue 10 million common shares to golden valley at a deemed price of $0.20 per share
* Golden valley mines ltd-net proceeds from sale of units under financing will be used by Uranium Valley for meeting obligations under option agreement
* Golden Valley Mines - as per agreement, Uranium Valley to incur $4 million of expenditures regarding exploration, mining operations on properties before Dec 31, 2021
* Golden Valley Mines - entered into mining option agreement which co granted to Uranium Valley option to acquire a 100% interest in 62 of properties
* Golden Valley Mines says As per agreement, co will retain 14 of its currently held properties
* Golden Valley Mines Ltd - Uranium Valley has granted co royalty equal to 1% of net smelter returns from 62 properties on terms in option agreement Source text for Eikon: ID:nCCN3f65L8 Further company coverage: GZZ.V