Valour Inc. Announces $5 Million Private Placement

Rhea-AI Summary

Valour Inc. announces a non-brokered private placement financing of up to 25 million units at $0.20 per unit, aiming to raise gross proceeds of up to $5 million. Each unit will comprise one common share and one half of a warrant, allowing the purchase of an additional share at $0.30 for 24 months. The offering is expected to close around October 25, 2022, pending NEO Exchange approval. Proceeds will fund general corporate purposes. Investors should note potential risks associated with forward-looking information regarding DeFi and cryptocurrency.

Positive

• Offering to raise up to $5 million to support corporate growth.
• Each unit includes a warrant for future potential equity at a set price.

Negative

• Dependence on NEO Exchange approval for offering closure.
• Potential volatility and risks related to DeFi market conditions.

TORONTO, Oct. 11, 2022 /PRNewswire/ - Valour Inc. (the "Company" or "Valour") (NEO: DEFI) (GR: RMJR) (OTCQB: DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, is pleased to announce a non-brokered private placement financing of up to 25,000,000 units (a "Unit") at a price of $0.20 per Unit for gross proceeds of up to $5,000,000 (the "Offering"). Each Unit will consist of one common share of the Company and one half of a common share purchase warrant (each whole warrant, a "Warrant"), entitling the holder of a Warrant to acquire one additional common share of Valour at an exercise price of $0.30 for a period of 24 months from issuance.

Closing of the Offering is expected to occur on or about October 25, 2022. All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one day. Completion of the Offering is subject to a number of conditions, including without limitation, receipt of NEO Exchange approval.

In connection with the Offering, a finder's fee may be payable in line with the policies of the NEO Exchange. Valour intends to use the proceeds of the Offering for general corporate purposes.

About Valour

Valour Inc. is a technology company bridging the gap between traditional capital markets and decentralized finance. Our mission is to expand investor access to industry-leading decentralized technologies which we believe lie at the heart of the future of finance. On behalf of our shareholders and investors, we identify opportunities and areas of innovation and build and invest in new technologies and ventures in order to provide trusted, diversified exposure across the decentralized finance ecosystem. For more information or to subscribe to receive company updates and financial information, visit https://valour.com  

Cautionary note regarding forward-looking information: 

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the Offering; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by Valour and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of DeFi and cryptocurrency sector; rules and regulations with respect to DeFi and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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SOURCE Valour, Inc.

FAQ

What is the purpose of Valour Inc.'s private placement announced on October 11, 2022?

The private placement aims to raise up to $5 million to support general corporate purposes.

What is the price per unit in Valour Inc.'s offering?

The price per unit in the offering is $0.20.

When is Valour Inc. expected to close the private placement?

The private placement is expected to close on or about October 25, 2022.

What will each unit in Valour Inc.'s offering consist of?

Each unit will consist of one common share and one half of a warrant.

What is the exercise price of the warrant associated with Valour Inc.'s offering?

The warrant allows the purchase of an additional common share at an exercise price of $0.30.