Valterra Resource Corporation (TSXV:VQA) announced the closing of the second tranche of its recent financing. The Company raised an aggregate of $1,287,300. Valterra raised gross proceeds of $41,000 in the closing of the second tranche.
As quoted in the press release:
Each Unit consists of one non-flow-through common share and one-half share purchase warrant, with each whole warrant exercisable to purchase one additional non-flow-through common share at an exercise price of $0.12 per share for a period of two years. All securities issued in this second tranche, including common shares, share purchase warrants, and finders’ warrants issued as finders’ fees, include a legend restricting trading of the securities until March 31, 2013.