Valterra Resource Corporation

Valterra Resource Corporation

July 04, 2008 17:48 ET

Valterra Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 4, 2008) - Valterra Resource Corporation (CNQ:VALT) reported today that the company has agreed to issue 1.0 million units in a non-brokered private placement at a price of C$0.25 per unit to raise C$250,000. Each unit offering will consist of one common share and one half share purchase warrant, with each full warrant exercisable to purchase one additional common share at an exercise price of C$.30 per share for a period of eighteen months.

The private placement and finders fees are subject to regulatory approval.

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 has 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