Business
Visionary Gold Corp. Announces Upsize of Private Placement up to $1,750,000
Vancouver, British Columbia--(Newsfile Corp. - July 12, 2022) - Visionary Gold Corp. (TSXV: VI...
About this update from Visionary Metals Corp
[{"type":"text","content":"Visionary Gold Corp. Announces Upsize of Private Placement up to $1,750,000Vancouver, British Columbia--(Newsfile Corp. - July 12, 2022) - Visionary Gold Corp. (TSXV: VIZ) (\"Visionary\" or the \"Company\") is pleased to announce that due to significant demand, the Company has increased the size of its previously announced non-brokered private placement (the \"Offering\") from $1.0 million to $1.75 million. Under the revised Offering, the Company will sell up to a total of 35,000,000 units of the Company (each, a \"Unit\") at a price of $0.05 per Unit for total gross proceeds of up to $1,750,000.Each Unit is comprised of one common share of the Company (each, a \"Unit Share\") and one half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder thereof to acquire one common share of the Company (each, a \"Warrant Share\") at a price of $0.10 for a period of 24 months from the closing date of the Offering. The net proceeds from the Offering will be used to fund the Company's 2022 exploration program and for general working capital purposes. The closing of the Offering is expected to occur on or about July 15, 2022 and is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the \"TSXV\"). The Unit Shares, Warrants and Warrant Shares will be subject to a hold period of four months and one day in accordance with applicable securities laws.This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.About Visionary Gold Corp:Visionary Gold Corp is a Vancouver-based mineral exploration company focused on making new precious and base metals discoveries in Fremont County, Wyoming. Visionary's mission is to explore responsibly and to develop resources in a manner that is acceptable to all stakeholders. While central Wyoming has a strong mining history, it has never been systematically explored using modern techniques. The Company now controls a land package greater than 50 square kilometres with numerous drill rea...