Val d’Or funding

An agreement has been worked out between Val d’Or Resources of Val d’Or, Que., and Sofimines 1987 and Co., Ltd Partnership whereby Val d’Or will issue flow-through shares at $1.20 per share worth a minimum of $1.6 million and a maximum of $3 million.

Val d’Or says it intends to spend the proceeds on the Fiedmont, Barraute, Ogden and Deloro properties.