ValOre Metals Completes Non-Brokered Convertible Debenture Financing

May 29, 2026 - 11:49

VANCOUVER, British Columbia -- ValOre Metals Corp. has closed its previously announced non-brokered private placement, raising gross proceeds of CDN$2 million through the issuance of convertible unsecured debentures.

The company confirmed the completion of the offering on Thursday. The debentures are unsecured and convertible into common shares of ValOre at the option of the holder. The financing was structured as a non-brokered private placement, meaning the company sourced investors directly without using an underwriter or agent.

ValOre Metals is a mineral exploration company focused on advancing its portfolio of assets. The proceeds from the debenture financing are expected to be used for general working capital and to advance the company's exploration programs.

The offering was made available to accredited investors in Canada and certain other jurisdictions where it was legally permissible. The securities issued under the placement are subject to a statutory hold period in Canada, which restricts trading for a period of four months and one day from the date of issuance.

This capital raise provides ValOre with additional financial flexibility as it continues its exploration and development activities. The company has not provided specific details on the conversion price or interest rate attached to the debentures in the closing announcement.