Valorem Resources Inc. is pleased to announce that it has signed a non-binding Letter of Intent to acquire a 100% interest in the Wing Shear Zone property located in central Newfoundland, Canada and it is arranging a non-brokered private placement of securities. The term of the LOI call for cash payments of $45,000 on signing, $3,000,000 work commitments over 3 years and the issuance of 4.5 million shares of the Company
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