North Valley arranges $150,000 private placement

Executive Summary

• North Valley Resources Ltd. announced a non-brokered private placement financing of up to 7.5 million common shares.
• The shares are priced at $0.02 per share, targeting gross proceeds of up to $150,000.
• Proceeds are designated for general working capital requirements, subject to CSE approval and shareholder approval via written resolution.

Key Details

• Transaction Type: Non-brokered private placement.
• Quantity: Up to 7.5 million common shares.
• Price: $0.02 per common share.
• Gross Proceeds: Up to $150,000.
• Commissions/Fees: None payable.
• Use of Proceeds: General working capital requirements.
• Regulatory Conditions: Subject to approval by the Canadian Securities Exchange (CSE).
• Shareholder Approval: Required written resolution from shareholders holding more than 50% of common shares prior to closing.
• Hold Period: Securities subject to statutory hold periods expiring four months and one day from the date of closing.

Notable Quotes

• None provided in the text.