ValOre Metals Corp KVLQF

Announced - the story of the new LUR shares for VO holders

[17Digger]

ValOre Announces Closing Date for Sale of Angilak Property to Labrador Uranium

Vancouver, British Columbia, June 13, 2023 – ValOre Metals Corp. TSXV: VO; OTCQB: KVLQF; Frankfurt: KEQ0, (“ValOre” or the “Company”) today announced that all required regulatory, shareholder and court approvals for the sale of ValOre’s Angilak Property in Nunavut Territory to Labrador Uranium Inc. (the “Transaction”, as noted in ValOre’s news release on May 23, 2023), have been received and the closing of the Transaction is anticipated to occur on June 19, 2023.

Upon closing of the Transaction, the 100,000,000 common shares of Labrador Uranium Inc. (the “Labrador Shares”) issued to ValOre as part of the consideration for the Transaction will be distributed (the “Labrador Share Distribution”) as a return of captial, pro rata, to the shareholders of ValOre as of a June 19, 2023 record date. It is expected that the holder of each ValOre common share would receive approximately 0.575 common shares of Labrador pursuant to the Labrador Share Distribution, with any such fractional shares being rounded down to the nearest whole number. As disclosed in ValOre’s news release dated March 14, 2023, the Labrador Shares will be subject to a hold period expiring on August 6, 2023.

The Due Bill Period will run from June 16, 2023 to June 20, 2023, inclusively, such that trades of common shares of ValOre that are executed up until market close on June 20, 2023 will be identified to ensure purchasers receive the Labrador Share Distribution. Trades of common shares of ValOre on or after June 21, 2023 will not be entitled to participate in the Labrador Share Distribution.

On behalf of the Board of Directors,

“Jim Paterson” 

James R. Paterson, Chairman and CEO, ValOre Metals Corp.

For further information about ValOre Metals Corp., or this news release, please visit our website at www.valoremetals.com or contact Investor Relations by email at [e-mail].

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: https://www.discoverygroup.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 Information

Certain statements and information herein contain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Such forward-looking statements include but are not limited to statements or information with respect to: the closing of the Transaction.

Although management of the Company believe that the assumptions made and the expectations represented by such forward-looking statements are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: the Transaction may not close on the terms currently conemplated, or at all; changes in general economic conditions or conditions in the financial markets; and risks related to general economic conditions.

The Company does not undertake to update any forward-looking information, except in accordance with applicable laws.

ValOre Metals Corp.
Suite 1020
800 West Pender St
Vancouver, BC | V6C 2V6
[e-mail]
valoremetals.com

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[andre171]

Surprisingly, there are no comments on this operation. On the basis of 0.575 Labrador shares for one, Valore is currently valued at barely 0.01 CAD. Is this possible when Pedra Branca is so valuable and management seems to see more potential in palladium than in uranium? 

[17Digger]

I think Valore is now a hidden gem so I bought some today. to hold for the rise in platinum price that will come in time. With U price readying for a a big upward move this can only get better and better for my VO holdings. xxx

[andre171]

Next week, VO shareholders will receive Labrador shares at a ratio of 0.575/1. But Labrador will then have 170M shares instead of the current 70M. What might the price be?  At the same time, VO will have lost Angilak, and how will its share price evolve (if we take 0.575 from Labrador's current price of 0.27, there should be nothing left ( 15.5 - 15.5), even though VO has retained some

[17Digger]

Here is what my crystal ball says is ahead for Valore and LUR. Valore will soon become a pure platinum play with good prospects of actually getting a low cost, near surface platinum mine - and those are really rare and valuable. Platinum prices will be rising and Valore will be in the catbird seat - and I expect to be a shareholder. Meanwhile, even before the platinum surge Uranium prices

[andre171]

You're optimistic for both companies in the long term. But what prices do you see for these shares over the next week? - VO's price should fall, since the company is losing Angilak for no consideration, which will be distributed to shareholders (except for 3M.). - For Labrador, there will be 170M. shares instead of 70M, but an Angilak asset in compensation.

[17Digger]

I see the near term VO and LUR share prices as stable to rising because the market has already priced in the effects of the change in ownership of Angliak. After that chagge takes effect in a few days, the LUR and VO share prices will be pushed upwards - gently at first: by platinum and uranium netal prices which are clearly in a long term rise for the rest of this decade. Plus by any

[andre171]

In the short term, stability for LUR is quite possible, if we consider that the creation of 100M. shares is offset by the value of Angilak and that LUR has possibly made an advantageous and promising acquisition. On the other hand, VO's assets are reduced by the value of Angilak distributed to shareholders. It would be a miracle if the price did not fall. I'd be very happy with VO at 0

[17Digger]

It is reallly pretty simple to calculate what is coming.for these two stocks: the present situation is LUR + Vo = X cents  the future situation is LUR + VO  + growth in metal prices and ore bodies = X+ cents Which do you want, to own: the present or the future? xxx

[andre171]

Can't believe VO's stock price wouldn't go down next week, following the loss of Angilak? That would be tantamount to considering that Angilk is worthless. In this hypothesis, it is the price of LUR which should decrease sharply (170M shares for 70M currently). I look at the situation in the short term, it is obvious that the 2 companies can evolve favorably in the longer term.

[17Digger]

VO has already fallen in price because of its anticipated pending loss of Angliak - so it has been already discounted in the share price by the market. That is how I see it playing out now. xx

[andre171]

For 3 or 4 months, other mines that I own (TML, ITR for example) have decreased in the same proportion as VO. I hope you are right and that Angliak's anticipated impending loss has already been discounted into the stock price by the market. We will have the answer from Wednesday. Thank you for your answers.

[andre171]

We have the answer -25% in a volume already 14 times higher than the daily average. No, Angiliak's loss was not fully discounted in the share price by the market.