Valhalla Metals Inc. announced a non-brokered private placement of 7,692,307 subscription receipts at a price of CAD 0.65 per subscription receipt for aggregate gross proceeds of CAD 4,999,999.55 on April 30, 2026. The transaction will include participation from new investors, Teck Resources Limited for CAD 1,750,000 and Marubeni Corporation for CAD 1,700,000 and with lead orders from major shareholders. The completion of the offering is a condition to the closing of the transaction which is expected to be completed in June 2026.
The offering is subject to customary closing conditions. The company may pay finder's fees in connection with the offering, in accordance with applicable securities laws and the policies of the TSX Venture Exchange, if applicable; provided, however, that only 50% of such finder's fees may be payable upon the purchase of subscription receipts, with the remaining finder's fees being payable upon the satisfaction of the escrow release conditions. The subscription receipts, and the common shares issuable upon conversion thereon, will be subject to a four-month hold period under applicable securities laws.
