Valor Resources completes acquisition of uranium asset
SYDNEY: Valor Resources Limited entered into agreements to acquire 100% of the issued capital of Pitchblende Energy Pty Ltd the holder of interests in two uranium projects located in Saskatchewan, Canada.
The Transaction was subject to various conditions precedent including shareholder approvals. As announced on 29 January 2021, shareholders approved all the resolutions tabled at the Annual General Meeting including the resolutions to give effect to the transaction.
Valor announced that settlement of the acquisition and the $800,000 capital raising is now complete.
In addition, Valor has issued 4,000,000 Ordinary Fully Paid Shares to a third party supplier for the ongoing provision of services.
Valor Resources Limited (ASX:VAL) is an exploration company focussed on creating shareholder value through acquisitions and exploration activities. The Company is focussed on two key projects in Peru and Canada.
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