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Visionary Copper and Gold Mines Inc. Closes First Tranche of Private Placement Financing
VANCOUVER, British Columbia, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Visionary Copper and Gold Mine...
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"Visionary Copper and Gold Mines Inc. Closes First Tranche of Private Placement Financing\n\n\n\n VANCOUVER, British Columbia, Dec. 09, 2025 (GLOBE NEWSWIRE) --\n \n\n Visionary Copper and Gold Mines Inc.\n \n\n (the “Company” or “Visionary”) (TSXV: VCG) (OTCQX: VCGMF) is pleased to announce it has closed the first tranche of its previously announced non-brokered private placement by issuing 1,613,815 hard dollar units (the “\n \n HD Units\n \n ”) at a price of C$0.75 per HD Unit for gross proceeds of $1,210,361.\n \n\n Each HD Unit consists of one common share and one-half of one transferable common share purchase warrant (each whole such common share purchase warrant, a “\n \n Warrant\n \n ”). Each Warrant shall be exercisable into one additional common share (a “\n \n Warrant Share\n \n ”) for two (2) years from closing (the “\n \n Expiry Date\n \n ”) 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 (“\n \n 10-Day Period\n \n ”). 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.\n \n\n The Company is also offering up to 1,333,333 flow-through units (the “\n \n FT Units\n \n ”) at a price of C$1.11 per FT Unit for gross proceeds of up to $1,480,000; and (iii) up to 267,175 Manitoba flow-through units at a price of C$1.31 per FT Unit for gross proceeds of up to $350,000. The Company anticipates that the flow-through offering will close on December 18, 2025.\n \n\n Under the first tranche of the offering, the Company paid finders a cash fee of $6,750. The gross proceeds from the sale of FT Units will be used by the Company to incur eligible \"Canadian exploration expenses\" that will qualify as \"flow-through critical mineral mining expenditures\" as both terms are defined in the Income Tax Act (Canada) (the \"\n \n Qua...