Valterra Resource Corporation (TSXV:VQA) announced a private placement of 10,000,000 flow-through units at a price of CAD 0.05 per unit for gross proceeds of CAD 500,000 on October 5, 2016. Each flow-through unit consists of one flow-through common share and one half share purchase warrant. Each warrant is exercisable into one non flow-through common share of the company at a price of CAD 0.10 per share for a period of five years from closing. The company may pay finder’s fee and commissions in relation to the transaction. The company will issue securities worth CAD 235,700 pursuant to exemption provided under Regulation D.