Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

BRIEF-Golden Valley Mines and Uranium Valley Mines announce option agreement

Published 2016-12-14, 10:24 a/m
© Reuters.  BRIEF-Golden Valley Mines and Uranium Valley Mines announce option agreement
GZZ
-
UXXc2
-

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.