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Volcanic Gold Announces Extension of $1.5 Million Private Placement
(TheNewswire) NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEA...
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"Volcanic Gold Announces Extension of $1.5 Million Private Placement \n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n NOT FOR\nDISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE,\nPUBLICATION, DISTRIBUTION OR DISSEMINATION  DIRECTLY, OR INDIRECTLY,\nIN WHOLE OR IN PART, IN OR INTO THE UNITED STATES\n \n\n\n\n June 20, 2025 – TheNewswire -\n \n\n Vancouver, British Columbia – Volcanic Gold Mines Inc.\n(TSXV: VG) (“Volcanic” or “the Company”) reports that the TSX\nVenture Exchange has granted the Company an extension for closing its\npreviously announced $1.5 million non-brokered private placement\nfinancing, to no later than July 19, 2025.  The financing will\nconsist of up to 12.5 million units at $0.12 per unit.  Each unit\nwill be comprised of one common share of the Company and one warrant\nwhich will entitle the holder to purchase one additional common share\nat a price of $0.16 for 24 months.  The warrants will have an\nexercise acceleration clause such that following the statutory hold\nperiod, if the closing price of the Company’s shares exceeds $0.25\nfor any 10 consecutive trading days, the Company will have the right\nto accelerate the expiry date to 30 calendar days.\n \n\n\n\n The proceeds of the private placement are intended to\nbe used to fund the resumption of exploration activities on the Holly\nProperty located in Guatemala, and for general working capital.  The\nCompany may pay a finder’s fee in connection with the financing,\nconsisting of cash and warrants having the same terms as the unit\nwarrants.  Completion of the private placement is subject to final\napproval by the TSX Venture Exchange.\n \n\n\n\n The securities to be offered\npursuant to the financing have not been, and will not be, registered\nunder the U.S. Securities Act of 1933, as amended (the \"U.S.\nSecurities Act\") or any U.S. state securities laws, and may not\nbe offered or sold in the United States or to, or for the account or\nbenefit of, United States persons absent registration or any\napplicable exemption from the registration requirements of the U.S.\nSecurities Act and applicable U.S. state securities laws. This news\nrelease shall not constitute an offer to sell or the s...