Business
Global Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - Global Vanadium Corp. (TSXV: ...
About this update from Americore Resources Corp
[{"type":"text","content":"Global Announces Private PlacementVancouver, British Columbia--(Newsfile Corp. - August 5, 2020) - Global Vanadium Corp. (TSXV: GLV) (\"Global\" or the \"Company\") is pleased to announce a non-brokered private placement of up to 10,000,000 units (the \"Units\") at a price of $0.25 per unit, for gross proceeds of up to $2,500,000 (the \"Private Placement\"). Each Unit will consist of one common share and one share purchase warrant, each whole share purchase warrant being exercisable for a period of two years at a price of $0.50 per share and subject to accelerated expiry in the event the common shares of the Company trade on the Exchange at a price of $1.00 or higher for ten consecutive trading days. Proceeds from the Private Placement will be used for general working capital, sampling program on the Desert Eagle Project, and some initial field work on the Stony Lake East Gold Project.The Private Placement may include finder's fees of up to 8% cash. All securities issued pursuant to this financing are subject to a four month hold period from the date of issuance. The Private Placement is subject to approval from the TSX Venture Exchange.Global Vanadium Corp.\"Kosta Tsoutsis\"CEO, DirectorFor further information, please contact:Kosta TsoutsisChief Executive Officer and DirectorGlobal Vanadium Corp.email: [email protected]: 604 808-9134Brian MorrisonChief Financial Officer and DirectorGlobal Vanadium Corp.email: [email protected]: 604 312-6910The Company is listed on the TSX Venture Exchange.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Disclaimer for Forward-Looking InformationCertain statements in this release are forward-looking statements, which reflect the expectations of management regarding Global's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those conta...