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Visionary Metals Announces 4:1 Share Consolidation, CAD$7.145 Million Financing and Share Buyback
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2026) - Visionary Metals Corp. (TSXV: VIZ) ("Visionary" or the "Company") is pleased to announce a transformative financing, including a lead order from Teck Resources Limited ("Teck") and a corporate restructuring that will deliver an improved capital structure, a strong cash position, and a fully funded 2026 exploration program.The Company intends to complete a private placement offering for gross proceeds of up to CAD$7,145,000 consisting
About this update from Visionary Metals Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 21, 2026) - Visionary Metals Corp. (TSXV: VIZ) ("Visionary" or the "Company") is pleased to announce a transformative financing, including a lead order from Teck Resources Limited ("Teck") and a corporate restructuring that will deliver an improved capital structure, a strong cash position, and a fully funded 2026 exploration program.","length":417,"tagName":"p"},{"type":"text","content":"The Company intends to complete a private placement offering for gross proceeds of up to CAD$7,145,000 consisting of a non-brokered private placement offering pursuant to the "listed issuer financing exemption" (the "LIFE Offering") under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (such exemption, the "Listed Issuer Financing Exemption"), and a concurrent non-brokered private placement as further set out below (the "Concurrent Private Placement", and together with the LIFE Offering, the "Offering").","length":723,"tagName":"p"},{"type":"text","content":"The Offering includes a CAD$1.2 million equity investment by Teck, which is a follow-on investment to the CAD$800,000 in direct funding and additional in-kind support for the Granite Mountains Exploration Alliance Teck announced by the company earlier this year.","length":262,"tagName":"p"},{"type":"text","content":"Share ConsolidationIn connection with the Offering, the Board of Directors has authorized a consolidation of the Company's common share capital on a one-for-four basis (the "Consolidation"). The Company currently has 175,678,690 common shares outstanding and, following completion of the Consolidation but before the Offering and related transactions, is expected to have approximately 43,919,673 shares outstanding. Completion of the Consolidation remains subject to the approval of the TSX Venture Exchange (the "TSXV"). All securities issued pursuant to the Offering will be on a post-Consolidation basis.","length":633,"tagName":"p"},{"type":"text","content":"Share Repurchase Concurrent with closing of the Offering, the Company has also agreed to repurchase 26,552,046 p...