Business
VanadiumCorp Resource Files for Final Approval, Closes Private Placement Financing
(TheNewswire)   Vancouver, BC – TheNewswire – May 7, 2026 – Vanadiu...
About this update from Vanadiumcorp Resource Inc
[{"type":"text","content":"VanadiumCorp Resource Files for Final Approval, Closes Private Placement Financing\n(TheNewswire)\n\n \n\n\nVancouver, BC – TheNewswire – May\n7, 2026 – VanadiumCorp Resource Inc. (TSX‑V: VRB) (FSE: NWNA) (OTC: VRBFF) (the “Company” or\n“VanadiumCorp”) further to its news releases\ndated April 6, 2026 and April\n15, 2026, announces that it has filed documents\nwith the TSX Venture Exchange seeking final approval of its previously\nannounced non‑brokered\nprivate placement financing (the “Financing”). \n\n\n \n\n\nPursuant to the Financing, the Company has\nissued a total of 5,291,666 $0.12 units in two (2) tranches, for aggregate gross proceeds of\n$635,000. Each unit consists of one common share of the Company and\none common share purchase warrant, with each warrant being exercisable\nat a price of\n$0.22 per share for a period of two years from\nthe date of issue, subject to the right of the Company to accelerate\nthe exercise period to 30 days if, after the expiry of the 4-month\nhold, shares of the Company close at or above $0.50 for 10 consecutive\ntrading days.  \n\n\n \n\n\nThe Financing remains subject to final acceptance by\nthe TSX Venture Exchange. All securities issued pursuant to the\nFinancing will be subject to a statutory four‑month hold period from the date of\nissuance, in accordance with applicable securities laws. Proceeds from\nthe Financing are intended to be used for working capital and general\ncorporate purposes. \n\n\n \n\n\nTwo investors became Insiders of the Company as a\nresult of their participation in the Financing. Such participation\nconstitutes a \"related party transaction\" within the meaning\nof Multilateral Instrument 61‑101 – Protection of Minority Security Holders in Special\nTransactions (\"MI 61‑101\"). The Company expects that such participation will\nbe exempt from the formal valuation and minority shareholder approval\nrequirements of MI 61‑101 pursuant to applicable exemptions thereunder, including\nthe exemption for transactions not exceeding 25% of the Company’s\nmarket capitalization. \n\n\n \n\n\nAbout VanadiumCorp Resource Inc.\n\n\n\n \n\n\nVanadiumCorp\nis a Canadian critical metals\nexploration company that holds a 100% in...