Valterra Resource Corporation announced a non-brokered private placement of up to 25,000,000 units at price of CAD 0.05 per unit for gross proceeds of CAD 1,250,000 on June 7, 2021. Each unit will consist of one common share and one-half share purchase warrant, with each full warrant exercisable for three years with the right to purchase one common share at an exercise price of CAD 0.10 per share. The company may pay finder's fees and commissions in the transaction. The company will make provision for an over-allotment option to allow a purchase of up to 10% additional units beyond the number of units in the transaction. The securities will subject to a hold period of four months and one day from date of issuance. The transaction is subject to regulatory and TSX Venture Exchange approval.