Valterra Resource Corporation

Valterra Resource Corporation

July 08, 2008 13:26 ET

CORRECTION FROM SOURCE: Valterra Closes Non-Brokered Private Placements

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2008) - A Correction from Source is issued for the Valterra Resource Corporation (CNQ:VALT) press release issued earlier today. The period of 18 months was noted incorrectly, and has been corrected to 2 years. The corrected and complete release follows:

Valterra Resource Corporation reported today that the company has now closed the previously reported non-brokered private placements (May 26/08 & July 4/08) consisting of 4.0 million flow-through common shares at a price of C$0.25 per share to raise C$1.0 million; and 1.0 million units at a price of $0.25 per unit to raise C$250,000. Each unit comprises one non-flow through common share and one-half share purchase warrant with one full warrant exercisable to purchase one common share for a period of 2 years at a price of $0.30 per share. All the common shares issued pursuant to these offerings, including units and share purchase warrants issued as finders fees, carry a legend restricting the shares from trading for a period of four months up to November 8th, 2008.

On behalf of the Board of Directors,

Lawrence Page, Q.C., President, Director

Valterra Resource Corporation

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Valterra Resource Corporation relies upon litigation protection for forward looking statements.

The CNQ Exchange as not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.

Contact Information

  • Valterra Resource Corporation
    Jay Oness
    1-888-456-1112 or (604) 684-9384