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Valkea Resources to Commence Listing on the TSX Venture Exchange

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Valkea Resources Corp. (TSXV: OZ), formerly Outback Goldfields Corp., has announced that its common shares will begin trading on the TSX Venture Exchange under the ticker symbol "OZ" on September 27, 2024. This follows the completion of a Reverse Takeover transaction, which involved the acquisition of Sakumpu Exploration Oy from S2 Resources and Norse Exploration Pty

CEO Chris Donaldson expressed excitement about the acquisition of projects in Northern Finland and the resumption of trading on the TSXV. The company is finalizing its upcoming field program and budget, with further details expected to be announced in the coming weeks. The Transaction has received all final approvals, including that of the TSXV. At the commencement of trading, Valkea Resources will have 32,245,702 issued and outstanding common shares.

Valkea Resources Corp. (TSXV: OZ), precedentemente Outback Goldfields Corp., ha annunciato che le sue azioni ordinarie inizieranno a essere negoziate sul TSX Venture Exchange con il simbolo "OZ" il 27 settembre 2024. Questo segue il completamento di una transazione di Reverse Takeover, che ha coinvolto l'acquisizione di Sakumpu Exploration Oy da S2 Resources e Norse Exploration Pty.

Il CEO Chris Donaldson ha espresso entusiasmo per l'acquisizione di progetti nel Nord della Finlandia e per la ripresa delle negoziazioni sul TSXV. L'azienda sta finalizzando il suo prossimo programma sul campo e il budget, con ulteriori dettagli attesi nelle prossime settimane. La transazione ha ricevuto tutte le approvazioni finali, inclusa quella del TSXV. All'inizio delle negoziazioni, Valkea Resources avrà 32.245.702 azioni ordinarie emesse e in circolazione.

Valkea Resources Corp. (TSXV: OZ), anteriormente Outback Goldfields Corp., ha anunciado que sus acciones comunes comenzarán a cotizar en el TSX Venture Exchange bajo el símbolo "OZ" el 27 de septiembre de 2024. Esto sigue a la finalización de una transacción de Reverse Takeover, que involucró la adquisición de Sakumpu Exploration Oy de S2 Resources y Norse Exploration Pty.

El CEO Chris Donaldson expresó su entusiasmo por la adquisición de proyectos en el norte de Finlandia y la reanudación de la negociación en el TSXV. La compañía está finalizando su próximo programa de campo y presupuesto, con más detalles que se esperan en las próximas semanas. La transacción ha recibido todas las aprobaciones finales, incluida la del TSXV. Al comienzo de la negociación, Valkea Resources tendrá 32.245.702 acciones comunes emitidas y en circulación.

발케아 리소스 주식회사 (TSXV: OZ), 이전의 아웃백 골드필드 주식회사,는 자사의 보통주가 2024년 9월 27일부터 TSX 벤처 거래소에서 "OZ"라는 티커 심볼로 거래를 시작한다고 발표했습니다. 이는 S2 리소스와 노르세 탐사 Pty로부터 사쿰푸 탐사 Oy를 인수하는 역차입 거래가 완료된 후의 일입니다.

CEO 크리스 도날드슨은 북부 핀란드에서 프로젝트를 인수한 것과 TSXV에서의 거래 재개에 대한 기대감을 표현했습니다. 회사는 다가오는 현장 프로그램 및 예산을 최종 조정하고 있으며, 앞으로 몇 주 내에 추가 세부 정보가 발표될 예정입니다. 이 거래는 TSXV의 승인을 포함하여 모든 최종 승인을 받았습니다. 거래 시작 시 발케아 리소스는 32,245,702개의 발행 및 유통되는 보통주를 보유하게 됩니다.

Valkea Resources Corp. (TSXV: OZ), anciennement Outback Goldfields Corp., a annoncé que ses actions ordinaires commenceront à être négociées sur le TSX Venture Exchange sous le symbole "OZ" le 27 septembre 2024. Cela fait suite à l'achèvement d'une transaction de Reverse Takeover, qui a impliqué l'acquisition de Sakumpu Exploration Oy auprès de S2 Resources et Norse Exploration Pty.

Le PDG Chris Donaldson a exprimé son enthousiasme concernant l'acquisition de projets dans le nord de la Finlande et la reprise des négociations sur le TSXV. L'entreprise finalise son prochain programme de terrain et son budget, avec plus de détails attendus dans les semaines à venir. La transaction a reçu toutes les approbations finales, y compris celle du TSXV. Au début du trading, Valkea Resources aura 32.245.702 actions ordinaires émises et en circulation.

Valkea Resources Corp. (TSXV: OZ), ehemals Outback Goldfields Corp., hat angekündigt, dass ihre Stammaktien ab dem 27. September 2024 unter dem Tickersymbol "OZ" an der TSX Venture Exchange gehandelt werden. Dies folgt auf den Abschluss einer Reverse Takeover-Transaktion, die die Übernahme von Sakumpu Exploration Oy von S2 Resources und Norse Exploration Pty umfasste.

CEO Chris Donaldson äußerte seine Begeisterung über die Übernahme von Projekten im nördlichen Finnland und die Wiederaufnahme des Handels an der TSXV. Das Unternehmen finalisiert sein kommendes Feldprogramm und Budget, weitere Details werden in den kommenden Wochen erwartet. Die Transaktion hat alle endgültigen Genehmigungen erhalten, einschließlich der des TSXV. Zum Handelsstart wird Valkea Resources 32.245.702 ausgegebene und im Umlauf befindliche Stammaktien haben.

Positive
  • Acquisition of projects in Northern Finland completed
  • Resumption of trading on the TSX Venture Exchange
  • Reverse Takeover transaction received all final approvals
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - September 25, 2024) - Valkea Resources Corp. (TSXV: OZ) (formerly Outback Goldfields Corp.) (the "Company" or "Valkea") is pleased to announce that at the opening of the market on September 27, 2024, the Company's common shares will commence trading on the TSX Venture Exchange (the "TSXV") under the ticker symbol "OZ".

"We are thrilled to have completed the acquisition of our projects in Northern Finland and are resuming trading on the TSX Venture Exchange on Friday," commented Chris Donaldson, CEO of Valkea Resources. "I'd like to thank the team at Valkea who have worked tirelessly to get the deal and financing over the line, and am confident that we have set the Company in a new and exciting direction with tremendous potential to increase shareholder value. We are currently finalizing our upcoming field program and budget and expect to announce further details in the coming weeks."

On September 18, 2024, the Company announced the closing of its Reverse Takeover (as defined in TSXV Policy 5.2) (the "Transaction"). The Transaction was completed pursuant to the terms of a share purchase agreement dated May 9, 2024 (the "Share Purchase Agreement") between the Company, S2 Resources Ltd. and Norse Exploration Pty Ltd. Pursuant to the Share Purchase Agreement, the Company acquired all of the issued and outstanding shares of Sakumpu Exploration Oy. The Transaction has now received all final approvals, including that of the TSXV. The total number of issued and outstanding common shares of the Company at the commencement of trading will be 32,245,702.

About Valkea Resources

Valkea Resources (formerly Outback Goldfields) is at the forefront of gold exploration in Finland's highly prospective Central Lapland Greenstone Belt (CLGB). With an extensive portfolio of high-potential projects, including our flagship Paana project, Valkea Resources is committed to discovering and advancing significant gold deposits in one of the world's emerging gold districts.

Contact Information

For more information please contact:

Chris Donaldson, Chief Executive Officer and Director

Tel: (604) 813-3931 | Email: info@valkea.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains forward-looking statements or forward-looking information relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements in this news release include but are not limited to commencement of trading on the TSXV.

Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable. Assumptions have been made regarding, among other things: the benefits of the Acquisition and the Offering; the Company's ability to carry on exploration and development activities; the timely receipt of required approvals; the price of metals; the integration of assets acquired by the Company; and the Company's ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors include but are not limited to: the Company's early stage of development; the fluctuation of the price of metals; the availability of additional funding as and when required; the speculative nature of mineral exploration and development; the timing and ability to maintain and, where necessary, obtain necessary permits and licenses; the uncertainty in geologic, hydrological, metallurgical and geotechnical studies and opinions; infrastructure risks, including access to water and power; environmental risks and hazards; risks associated with negative operating cash flow; and risks associated with dilution. For a further discussion of risks relevant to the Company, see the Company's other public disclosure documents.

Although management has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There is no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except as, and to the extent required by, applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224656

FAQ

When will Valkea Resources Corp. (TSXV: OZBKF) start trading on the TSX Venture Exchange?

Valkea Resources Corp. will commence trading on the TSX Venture Exchange on September 27, 2024, under the ticker symbol 'OZ'.

What was the Reverse Takeover transaction completed by Valkea Resources Corp. (TSXV: OZBKF)?

Valkea Resources Corp. completed a Reverse Takeover transaction by acquiring all issued and outstanding shares of Sakumpu Exploration Oy from S2 Resources and Norse Exploration Pty

How many common shares will Valkea Resources Corp. (TSXV: OZBKF) have outstanding at the commencement of trading?

Valkea Resources Corp. will have 32,245,702 issued and outstanding common shares at the commencement of trading on the TSX Venture Exchange.

What is Valkea Resources Corp. (TSXV: OZBKF) planning to announce in the coming weeks?

Valkea Resources Corp. is finalizing its upcoming field program and budget, and expects to announce further details in the coming weeks.

VALKEA RESOURCES CORP

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