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VanadiumCorp Resource Gets Final Approval, Closes Private Placement Financing
(TheNewswire)   Vancouver, BC – TheNewswire – May 11, 2026 – Vanadi...
About this update from Vanadiumcorp Resource Inc
[{"type":"text","content":"VanadiumCorp Resource Gets Final Approval, Closes Private Placement Financing\n(TheNewswire)\n\n \n\n\nVancouver, BC – TheNewswire – May\n11, 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, April 15,\n2026, and May 7, 2026 announces that it has\nreceived final approval from the TSX Venture Exchange to close of its\nnon‑brokered private\nplacement financing (the “Financing”). \n\n\n \n\n\nThe Company has issued 1,308,333 $0.12 units, for\n$157,000 in a second tranche closing for a total\nof 5,291,666 $0.12 units\nissued in two (2) tranches, and total aggregate\ngross proceeds of $635,000. Each unit consists of one common\nshare of the Company and one common share purchase warrant, with each\nwarrant being exercisable at a price of $0.22 per share for\na period of two years from the date of issue, subject to the right of\nthe Company to accelerate the exercise period to 30 days if, after the\nexpiry of the 4-month hold, shares of the Company close at or above\n$0.50 for 10 consecutive trading days.  \n\n\n \n\n\nNo finders fees have been paid and all securities\nissued pursuant to the Financing will be subject to a statutory\nfour‑month hold period\nfrom the date of issuance, in accordance with applicable securities\nlaws. Proceeds from the Financing are intended to be used for working\ncapital and general corporate 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% interest ...