BULLETIN V2026-2103
VALHALLA METALS INC. ("VMXX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement; Private Placement-Non-Brokered;
BULLETIN DATE: June 19, 2026
TSX Venture Tier 2 Company
Property-Asset or Share Purchase Agreement
TSX Venture Exchange (the "Exchange") has accepted for filing a Purchase and Sale Agreement dated April 20, 2026 (the "Agreement"), among Valhalla Metals Inc. (the "Company"), Valhalla Metals AK Inc., and Teck American Incorporated (the "Vendor"). Pursuant to the Agreement, the Company has acquired a 100% interest in the Smucker property, located in the Ambler Mining District of Alaska (the "Property").
As consideration, the Company has issued 44,813,642 common shares to Teck Resources Limited, an affiliate of the Vendor, at the Vendor's direction. Th Company also granted the Vendor a 2.0% net smelter returns royalty on certain portions of the Property. Furthermore, the Company will assume all existing historical royalty obligations related to the Property.
The transaction is arm's length in nature, and no finder's fees are payable.
For further information, please refer to the Company's initial news releases dated April 21, 2026 and June 1, 2026.
Private Placement-Non-Brokered
Financing Type: Non-Brokered Private Placement
Gross Proceeds: $14,999,999.95
Offering: 23,076,923 Listed Shares
Offering Price: $0.65 per Listed Share
Commissions in Securities:
Nil
Disclosure: Refer to the company's news release(s) dated April 30, 2026, May 4, 2026, May 19, 2026 and June 1, 2026.
_______________________________________
|
|
