Velocity Announces Appointment of Michelle Roth as an Independent Director
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2023) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") announces the appointment of Michelle Roth to its Board of Directors (the "Board") as an independent director. Michelle RothMs. Roth is an entrepreneur and business leader who founded Roth Investor Relations in 1987. She successfully expanded this global consulting business through multiple investment cycles by formulating comprehensive shareholder engagement solutions for a global client base. Mining clients ranged from producers to...
2023-10-02 8:45 AM EDT
Velocity Provides Exploration and Drilling Update, Iglika Copper Gold Project, Bulgaria
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2023) - Velocity Minerals Ltd. (TSXV: VLC) (OTCQB: VLCJF) ("Velocity" or the "Company") announces results from initial drilling at the Iglika copper-gold project ("Iglika"), located in southeast Bulgaria. Exploration at Iglika is funded 100% by Dundee Precious Metals Inc. ("DPM"), under the terms of a binding letter agreement (the "Letter Agreement") whereby Velocity has granted to DPM an exclusive option to acquire a 75% interest (the "Option") in and to the Iglika...
2023-09-25 8:40 AM EDT
Velocity Enters into Option Agreement to Acquire 75% Interest in the Kalabak Gold - Copper Property in Bulgaria
Vancouver, British Columbia--(Newsfile Corp. - August 9, 2023) - Velocity Minerals Ltd. (TSXV: VLC) (OTCQB: VLCJF) ("Velocity" or the "Company") announces that it has entered into a letter agreement with Zelenrok EOOD, a wholly-owned subsidiary of Raiden Resources Limited (collectively with Zelenrok, "Raiden"), whereby Velocity has been granted an exclusive option to acquire a 75% interest (the "Option") in and to the prospecting and exploration license covering the Kalabak gold-copper property ("Kalabak" or the "Property"), located in southeastern Bulgaria. ...
2023-08-09 8:25 AM EDT
Velocity Reports 2023 AGM Results
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2023) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") reports the results of its annual general meeting (the "Meeting") of shareholders held on June 22, 2023 in Vancouver, British Columbia. All the motions presented to the shareholders were approved. Votes representing 103,649,770 shares were cast, representing 60.40% of the issued and outstanding shares at the record date. A summary of the Meeting results is outlined below.
2023-06-22 6:18 PM EDT
Velocity Enters into Option Agreement with Dundee Precious Metals
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2023) - Velocity Minerals Ltd. (TSXV: VLC) (OTCQB: VLCJF) ("Velocity" or the "Company") announces that it has entered into a binding letter agreement (the "Letter Agreement") with Dundee Precious Metals Inc. ("DPM"), whereby Velocity has granted to DPM an exclusive option to acquire a 75% interest (the "Option") in and to the Iglika copper-gold prospecting license (the "Property"), located in Bulgaria (the "Property").Commercial TermsTo exercise the Option in full, DPM must: (i) make...
2023-06-12 8:50 AM EDT
Velocity Closes $1.38 Million Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2023) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") has closed its previously announced non-brokered private placement (the "Financing") by the issuance of 9,200,000 units of the Company (the "Units") priced at $0.15 per Unit for total gross proceeds of $1.38 million. Each Unit consists of one common share in the capital of the Company (each, a "Share") and one-half of one common share purchase warrant (each whole warrant, a...
2023-05-24 8:45 AM EDT
Velocity Initiates Strategic Review Process and Engages Advisor
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2023) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") announces that the Company has initiated a strategic review process and has engaged Leede Jones Gable Inc. (the "Advisor") to assist it in its review. The Advisor will work with Velocity's management and Board to evaluate a range of strategic alternatives that may be available to the Company to grow and maximize value for all shareholders (the "Engagement"). There can...
2023-05-05 9:00 AM EDT
Velocity Receives TSX Venture Approval for Amended Zlatusha Copper-Gold Option Agreement
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2023) - Velocity Minerals Ltd. (TSXV: VLC) (OTCQB: VLCJF) ("Velocity" or the "Company") announces that it has received TSX Venture Exchange ("TSXV") approval for the previously announced binding letter agreement (as amended, the "Letter Agreement") with Zelenrok EOOD ("Zelenrok"), a wholly-owned subsidiary of Raiden Resources Limited (ASX: RDN) (collectively with Zelenrok, "Raiden") (see news release dated January 24, 2023). Pursuant to the Letter Agreement, Velocity has been granted an exclusive option to...
2023-04-20 8:25 AM EDT
Velocity Closes $1.5 Million Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 29, 2023) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") has closed its previously announced non-brokered private placement (the "Financing") by the issuance of 10,000,000 units of the Company (the "Units") priced at $0.15 per Unit for total gross proceeds of $1,500,000. Each Unit consists of one common share in the capital of the Company (each, a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"),...
2023-03-29 8:25 AM EDT
Velocity Announces $1.5 Million Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2023) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") announces a non-brokered private placement (the "Financing") of up to 10,000,000 units of the Company (the "Units") priced at $0.15 per Unit for total gross proceeds of up to $1,500,000. Each Unit will consist of one common share in the capital of the Company (each, a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"), with...
2023-03-10 9:00 AM EST
Velocity Reports Extensions to New Mineralization at Rozino Project, Southeast Bulgaria
Vancouver, British Columbia--(Newsfile Corp. - June 7, 2021) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") provides an update on positive drill exploration results from the Rozino gold project located in southeastern Bulgaria ("Rozino"). Drilling at Rozino continues to discover significant gold mineralization hosted in basement rocks adjacent to and underlying the deposit. Following the discovery of significant gold intercepts within the basement at Rozino (see news release NR-21-07, April 27, 2021 and NR-21-10, May 18, 2021),...
2021-06-07 7:00 AM EDT
Velocity Reports Drill Results from Rozino Project, Southeast Bulgaria - Drilling Ongoing
Drill highlights at Rozino include:Drill hole RDD-219; 52.9m grading 0.60 g/t gold, including 16.0m grading 0.95 g/t goldDrill hole RDD-223; 42.0m grading 0.73 g/t gold, including 4.0m grading 3.48 g/t goldVancouver, British Columbia--(Newsfile Corp. - May 18, 2021) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") provides an update on positive drilling results from the Rozino gold project located in southeastern Bulgaria. Drilling at Rozino continues to discover significant gold mineralization hosted in basement rocks adjacent...
2021-05-18 7:00 AM EDT
Velocity Reports Large Gold in Soil Anomalies Adjacent to the Rozino Deposit, Southeast Bulgaria
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2021) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") provides an update on soil sampling and follow-up rock chip sampling results at Rozino ("Rozino" or the "Project") in the area immediately surrounding the deposit. Three large gold in soil anomalies have been defined (Figure 1) and field verification of the anomalies has identified widespread epithermal vein material in outcrop and float (Plate 1). Analysis of outcrop and float rock chip samples...
2021-05-12 7:00 AM EDT
Velocity Files NI 43-101 Technical Report on SEDAR for Initial Mineral Resource Estimate at Obichnik Gold Project, Southeast Bulgaria
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2021) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") announces that it has filed a NI 43-101 Technical Report on SEDAR (the "Report") entitled "NI 43-101 Technical Report Exploration and Mineral Resource Estimation for the Obichnik Property, Republic of Bulgaria," dated March 20, 2021 (effective date February 11, 2021). The Technical Report was written by Jonathon Abbott an independent Qualified Person as defined by National Instrument 43-101 Standards of Disclosure....
2021-04-28 1:57 PM EDT
Velocity Provides an Update on the Tintyava License and Rozino Exploration Drilling, Southeast Bulgaria
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2021) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") provides an update on the Tintyava prospecting and exploration license permit no. 467, issued on February 28, 2017 (the "Tintyava License") and exploration drilling at the Rozino Project ("Rozino") and Kazak East ("Kazak"), located within the Tintyava License area. Velocity holds a 70% interest in the Tintyava License and Rozino, through its subsidiary, Kibela Minerals AD pursuant to a 70/30...
2021-04-27 9:00 AM EDT
Velocity Samples up to 56 g/t Gold at the Iglika Gold-Copper Project, Southeast Bulgaria
Vancouver, British Columbia--(Newsfile Corp. - April 13, 2021) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") provides an update on positive exploration results from its 100%-owned Iglika gold-copper project ("Iglika" or the "Project"), located in southeastern Bulgaria. Iglika is an under explored property located in a highly prospective precious and base metal mineral belt. The Project has potential for both epithermal gold and porphyry copper - gold deposits. Velocity is focused on near surface...
2021-04-13 7:00 AM EDT
Velocity Receives Notice of Early Conversion of $5,094,000 Convertible Debenture from Artemis Gold
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2021) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") announces that it has received a notice of early conversion from Artemis Gold Inc. ("Artemis") with respect to an 8.5% secured convertible debenture in the principal amount of $5,094,000 (the "Convertible Debenture") issued to Artemis in March 2019. The Convertible Debenture was issued in connection with a $9,000,000 strategic investment (the "Strategic Investment") by Artemis into the Company (see news release...
2021-03-26 8:00 AM EDT
Velocity Reports Initial Mineral Resource Estimate at Obichnik Gold Project, Southeast Bulgaria
Inferred Resource at 0.3g/t gold cut-off grade 4.4Mt @ 1.1 g/t gold for 156,000 ouncesMineralization at Obichnik Remains Open for ExpansionVancouver, British Columbia--(Newsfile Corp. - March 16, 2021) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") announces that as part of its Obichnik joint venture earn-in agreement it has received an initial Inferred Mineral Resource estimate for the Durusu Zone on its Obichnik gold Project ("Obichnik" or the "Project"), southeast Bulgaria (Table 1). Highlights include:Initial Resource; 4.4...
2021-03-16 7:00 AM EDT
Velocity Exercises Option for 100% Ownership of Iglika Project
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2021) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") announces that it has accelerated the exercise of its option to acquire the Iglika copper-gold project ("Iglika" or the "Project"), located in southeastern Bulgaria. The Company has now acquired a 100% interest in the Project and the associated exploration license. The Project is located in the westernmost portion of the prolific Tethyan belt that transects Bulgaria and hosts a number...
2021-02-25 7:00 AM EST
Velocity Announces Positive Drill Results from Gold Projects, Southeast Bulgaria
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2021) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") announces receipt of drill results from its gold exploration projects in southeast Bulgaria. Drilling is ongoing with five drill rigs active across three projects.The Company's strategy is to develop a low cost 'Hub & Spoke' operation which envisions open pit mining of satellite deposits and processing in an existing central plant. A prefeasibility study was completed at the Rozino gold project...
2021-02-09 7:00 AM EST