|Bid||0.2700 x 0|
|Ask||0.2850 x 0|
|Day's Range||0.2700 - 0.2700|
|52 Week Range||0.1300 - 0.3000|
|Beta (3Y Monthly)||-0.03|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Net proceeds from the Strategic Investment will be used to fund the advancement of the Rozino gold project located in southeast Bulgaria (“Rozino”) towards feasibility and permitting, including resource expansion and definition drilling, engineering studies, environmental monitoring and assessment, and for general working capital. In addition, Velocity will proceed to option and explore additional satellite deposits in the region. The 2019 drill program at Rozino is now fully permitted and a total of 12,000m to 14,000m of drilling is planned. The drill program at Rozino is intended to include exploration drilling and infill drilling aimed at increasing the existing mineral resource base (see news release dated October 29, 2018) and improving resource definition.
Attends PDAC, Booth 3145 Provides Corporate Update NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British.
Velocity Minerals Ltd. (VLC.V) (“Velocity” or the “Company”) announces that it has received additional positive drill results from the Rozino gold project (“Rozino”), located in Bulgaria. Highlights include 24.4m from surface @ 0.85g/t gold and 31.8m @ 0.58g/t gold, including 8.0m @ 1.04g/t gold. Mineralization remains open for expansion. “The addition of near-surface gold mineralization outside of the PEA base case pit limit was a primary objective of the current drill program,” stated Keith Henderson, Velocity’s President & CEO.
Velocity Minerals Ltd. (VLC.V) (“Velocity” or the “Company”) is pleased to announce that it has entered into an investment agreement, dated January 16, 2019 (the “Agreement”) with mid-tier producer Atlantic Gold Corporation (AGB.V) (“Atlantic Gold”) for a C$9.0 million strategic investment (the “Strategic Investment”). In connection with the Strategic Investment, Atlantic Gold has agreed to purchase 18,600,000 units of Velocity in a private placement at a price of C$0.21 per unit for total gross proceeds of approximately C$3.9 million (the “Equity Placement”). In addition, Velocity has agreed to issue and sell to Atlantic Gold approximately C$5.1 million principal amount of secured convertible debentures of Velocity (the “Convertible Placement”).
VANCOUVER , Jan. 17, 2019 /CNW/ - Atlantic Gold Corporation (AGB.V) ("Atlantic" or the "Company") is pleased to announce that Atlantic has entered into an agreement (the "Agreement") to invest $9,000,000 by way of a non-brokered private placement financing (the "Financing") as a strategic investment in Velocity Minerals Ltd. (VLC.V) ("Velocity"). With this investment Atlantic will hold 39.2% on a partially diluted basis in Velocity and looks forward to working closely with Velocity management to further advance Velocity's Rozino project through feasibility study and ultimately, construction and commissioning.
Velocity Minerals Ltd. (VLC.V) (“Velocity” or the “Company”) announces that it has received positive drill results from the Rozino gold project (“Rozino”), located in Bulgaria. Highlights include 29.7m from surface grading 1.17g/t gold. Mineralization remains open.
“Soil sampling results have defined three new high priority drill targets located adjacent to the pits outlined in the Rozino Preliminary Economic Assessment. Prior to this work, the entire sampled area was only drill tested by a single vertical drill hole completed by the Bulgarian state during the 1980’s,” stated Keith Henderson, Velocity’s President & CEO. A detailed soil sampling program (25 x 25m offset grid) extended previous detailed sampling (50 x 20m grid) over an historical regional soil anomaly (200 x 200m). The new soil sampling grid covers an area previously mapped as the basement margin adjacent to the Rozino deposit.
Velocity Minerals Ltd. (VLC.V) (“Velocity” or the “Company”) announces that it has received positive results from trench sampling, extending known near surface mineralization at the Rozino gold project (“Rozino” or the “Project”), located in the Tintyava Property, Bulgaria (Table 1, Figure 1). Geological mapping completed in conjunction with trench sampling resulted in the discovery of altered subcrop (Plate 1, results pending).
VANCOUVER, British Columbia, Nov. 05, 2018 -- Velocity Minerals Ltd. (TSXV: VLC) (“Velocity” or the “Company”) announces that it has delivered notice of option exercise (the.