|Bid||0.21 x 0|
|Ask||0.22 x 0|
|Day's Range||0.2100 - 0.2400|
|52 Week Range||0.1300 - 0.2450|
|Beta (3Y Monthly)||-0.57|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
“While the Rozino PEA returned a positive after-tax IRR of 33% and an NPV5% of $129 million, the project has strong growth potential as the mineralization remains open for expansion,” stated Keith Henderson, Velocity’s President & CEO.
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.
VANCOUVER, British Columbia, Oct. 29, 2018 -- Velocity Minerals Ltd. (TSXV: VLC) (“Velocity” or the “Company”) announces that it has filed on SEDAR an independent Preliminary.