Member Company Profile

Velocity Minerals

VLC:CN|Last Price: USD 0.35|Market Cap: USD 23.94 M

USD 0.10        USD 0.44


Gold Price: $1,500.30|Silver Price: $17.05|Platinum Price: $845.00|Palladium Price: $1,464.00|Gold:Silver: 88.0


Status: Explorer|Primary Mineral: Gold|Primary Country of Operation: Bulgaria


Last Updated: July 15, 2019

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IR Contact

Joyce Musial
+1 (604) 218-7924
[email protected]
www.velocityminerals.com/

Address

2300-1177 West Hastings Street
Vancouver, BC V6E 2K3
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Velocity Minerals.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Velocity Minerals (TSX.V: VLC) is a gold exploration and development company focused on building a multi-asset gold production profile in Bulgaria. With a $9 million strategic investment from gold producer Atlantic Gold (TSX.V: AGB), Velocity is advancing the PEA-stage Rozino project towards feasibility. The Company is also drilling two near-surface gold exploration projects located within the under-explored gold belt in southeastern Bulgaria. Through its Bulgarian operating partner, Velocity has access to an operating CIL plant. Velocity’s strategy is to reach an open pit production profile of >100,000 ounces of gold per year sustainable over 10 years.

Value Drivers
  • 'Hub & spoke' developoment model
  • $9 million strategic investment
  • Established private Bulgarian partner
Top Shareholders
  • Atlantic Gold Corporation (TSX.V: AGB)
  • Pathfinder Asset Management
  • Plethora Precious Metals Fund
Management
Chairman: none
CEO: Keith Henderson
More Detail
Capital Structure
Common Shares Outstanding: 96,916,629
Warrants Outstanding: 13,030,292
Convertible Debentures: 20,376,000
Options Outstanding: 8,175,000
Fully Diluted Shares: 138,497,921

IR Contact

Joyce Musial
+1 (604) 218-7924
[email protected]
www.velocityminerals.com/

Address

2300-1177 West Hastings Street
Vancouver, BC V6E 2K3
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Velocity Minerals.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.