Valkea Resources

Valkea Resources (TSX-V: OZ)(OTC: OZBKF) is at the forefront of gold exploration in Finland's highly prospective Central Lapland Greenstone Belt (CLGB). With an extensive portfolio of high-potential projects, including our flagship Paana project, Valkea Resources is committed to discovering and advancing significant gold deposits in one of the world's emerging gold districts.

Valkea Resources recently acquired S2 Resources' portfolio of exploration assets in the CLBD of Finland. This transformative acquisition includes:

  • 100% ownership of the promising Paana project, home to the Aarnivalkea West discovery as well as additional 100% owned exploration projects in the district; and,
  • One joint venture agreement with Rupert Resources whereby Rupert can earn up to 70% by spending ~C$5.4 on the Sikavaara Project

The assets were acquired for a total consideration of C$7 million, including C$1.5 million in cash and C$5.5 million Valkea Resources shares. To support this acquisition and fuel continued exploration, Valkea Resources raised over C$5 million through a private placement.

For more information, please visit their website.

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