Val-d’Or, Quebec–(Newsfile Corp. – May 28, 2025) – Val-d’Or Mining Corporation VZZ (the “Company” or “Val-d’Or Mining”) announces that the Company proposes to issue a total of 396,918 common shares in the capital of the Company (the “Interest Shares”) at a price of $0.065 per share in payment of $25,800 in interest payable on the debentures issued under the debenture financing that closed on May 28, 2024. At maturity, the debentures were automatically converted into 7,166,664 fully paid common shares of the Company, at a conversion price of $0.06. The issuance of the shares in payment of the interest has received conditional approval from the TSX Venture Exchange.
Two insiders of the Company participated in the original debenture financing for aggregate cash consideration to the Company of $210,000, which, together with the issuance of Interest Shares to such insiders, constitute a Related Party Transaction under TSX Venture…
