ValOre Metals Corp. announced a non-brokered private placement of up to 6,250,000 units at a price of CAD 0.40 per unit for gross proceeds of CAD 2,500,000 on August 19, 2022. Each unit consists of one common share and one half of one-share purchase warrant.

Each warrant will entitle the holder to purchase a common share at a price of CAD 0.60 for a period of 24 months from the date of issuance. The transaction may include participation from certain insiders of the company. The company may pay finder's fee subject to policies of TSX Venture Exchange.

The closing of the transaction is subject to regulatory approval from the TSX Venture Exchange. All securities issued will be subject to hold period of four months and one day from the date of issuance.