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Visionary Copper and Gold Mines Inc. Closes Final Tranche of Private Placement Financing
VANCOUVER, British Columbia, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Visionary Copper and Gold Mines ...
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"Visionary Copper and Gold Mines Inc. Closes Final Tranche of Private Placement Financing\nVANCOUVER, British Columbia, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Visionary Copper and Gold Mines Inc. (the “Company” or “Visionary”) (TSXV: VCG) (OTCQX: VCGMF) is pleased to announce it has closed the second and final tranche of its previously announced non-brokered private placement (see news releases dated October 22, 2025 and December 9, 2025) by issuing 1,333,334 charity flow-through units (“FT Units”) at $1.11 per FT Unit for gross proceeds of $1,480,000.74 and 267,176 Manitoba charity flow-through units (“MB FT Units”) at $1.31 per MB FT Unit for gross proceeds of $350,000.56. In total, the Company raised $3,040,262 under the non-brokered private placement. The Company confirms that the FT Units and MB FT Units previously disclosed on October 22, 2025 and December 9, 2025 are charity flow through units. Each FT Unit and MB FT Unit consist of one flow-through common share and one-half of one transferable common share purchase warrant (each whole such common share purchase warrant, a “Warrant”). Each Warrant shall be exercisable into one additional common share (a “Warrant Share”) for two (2) years from closing (the “Expiry Date”) at an exercise price of C$1.10 per Warrant Share. The Company has the right to accelerate the Expiry Date if, at any time, the volume weighted average price of the common shares on the principal exchange or market on which the common shares trade is equal to or greater than $1.50 for 10 consecutive trading days (“10-Day Period”). In the event of acceleration, the Expiry Date will be accelerated to a date that is 30 days after the Company issues the acceleration notice through a news release, provided that the acceleration notice is issued within 10 business days after the end of the particular 10-Day Period. The securities issued under the offering are subject to restrictions on resale for a period of four months from the date of issue. Under the first tranche of the offering, the Company paid finders a cash fee of $6,750. No finder’s fee was paid under the second tranche of the offering. The gross proceeds from the sale of FT Units will be used by the Company to incur eligible “Canadian ...