Business
VANADIUMCORP Announces a Financing and Appointment of a New Quebec Director
(TheNewswire) Vancouver, British Columbia – TheNewswire - July 20, 202...
About this update from Vanadiumcorp Resource Inc
[{"type":"text","content":"VANADIUMCORP Announces a Financing and Appointment of a New Quebec Director\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n July 20, 2022 –\n \n \n VanadiumCorp Resources Inc. (TSXV:VRB)\n(OTC:APAFF) (FSE:NWN)\n \n (the “Company”) is pleased to\nannounce a non-brokered flow-through financing of up to $1 million and\nnon-flow-through financing of up to $3 million for a total aggregate\nof up to $4 million.\n \n \n The flow-through portion will comprise of up to 8,500,000 flow-through\nunits (“FT Units”) at a price of $0.12 per FT Unit for gross\nproceeds of up to $1,020,000. Each FT Unit will consist of one\nflow-through common share (as defined in subsection 66(15) of the\nIncome Tax Act) and one transferable warrant exercisable to purchase\none non-flow-through common share at a unit price of $0.18 for a\nperiod of 24 months from the date of issue.\n \n \n The non-flow-through portion will comprise of up to 30,000,000 units\n(“NFT Units”) at a price of $0.10 per NFT Unit for gross proceeds\nof up to $3 million. Each NFT Unit will consist of one common share\nand a transferable warrant exercisable to purchase an additional\ncommon share at a unit price of $0.18 for a period of 24 months from\nthe date of issue.\n \n \n Directors and officers of the Company may acquire securities under\nthis offering, which participation would be considered to be a\n“related party transaction” as defined under Multilateral\nInstrument 61-101 (“MI 61-101”). Such participation is expected to\nbe exempt from the formal valuation and minority shareholder approval\nrequirements of MI 61-101.\n \n \n A finder’s fee may be paid to eligible finders in accordance with\nthe TSX Venture Exchange policies. All securities issued pursuant to\nthe offering will be subject to a hold period of four months and one\nday from the closing date. The offering and payment of finders’ fees\nare both subject to approval by the TSX-V.\n \n \n The Company will use the net proceeds from the financing for\nexploration and metallurgical testing on the Company’s wholly-owned\nmineral properties and general corporate purposes.\n \n \n \n MR. GILLES DUPUIS...