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Visionary Metals Announces Non-Brokered Private Placement of up to CAD $1,500,000
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2024) - Visionary Metals Corp. (TSXV: VI...
About this update from Visionary Metals Corp
[{"type":"text","content":"Visionary Metals Announces Non-Brokered Private Placement of up to CAD $1,500,000Vancouver, British Columbia--(Newsfile Corp. - April 15, 2024) - Visionary Metals Corp. (TSXV: VIZ) (\"Visionary\" or the \"Company\") is pleased to announce a non-brokered private placement of up to 21,428,572 units of the Company (each, a \"Unit\") at a price of CAD $0.07 per Unit for gross proceeds of up to CAD $1,500,000 (the \"Offering\"). The Offering has been structured to take advantage of the listed issuer financing exemption (the \"LIFE Exemption\") under National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\") whereby securities of the Company issued pursuant to the LIFE Exemption will be freely tradeable equity securities not subject to any hold period (see below).Each Unit will be 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 will entitle the holder thereof to acquire one common share of the Company (each, a \"Warrant Share\") at a price of CAD $0.14 for a period of four years from the closing date of the Offering. The Company may pay finders fees in connection with the Offering.Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the Offering is being made to purchasers resident in each of the Provinces of Canada pursuant to the LIFE Exemption. The securities offered under the LIFE Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the \"Offering Document\") related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.visionarymetalscorp.com. Prospective investors should read this Offering Document before making an investment decision.The Company also plans to offer the Units for sale in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the \"1933 Act\"), and in those other jurisdictions outside of Canada and the United States provided it is understood that no prospectus filing or comparable obligation arises in such other jurisdiction.The net proceeds from the Offering will be used to fund the Company's 2024 exploration p...