Business
Volcanic Gold Mines Completes $375,000 Private Placement
April 17, 2019 / TheNewswire / Vancouver, British Columbia - Volcanic Gold Mines Inc. (TSXV: VG) is pleased to announce that it has closed its previously announ
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"April 17, 2019 / TheNewswire / Vancouver, British Columbia - Volcanic Gold Mines Inc. (TSXV: VG) is pleased to announce that it has closed its previously announced private placement financing with the issuance of 1,500,000 units at $0.25 per unit, for proceeds of $375,000. Each unit consists of one common share and one warrant entitling the holder to purchase one additional common share of the Company at $0.35 for one year from closing. The common shares and warrants issued in the placement are subject to a resale restriction until August 17, 2019. The proceeds of the financing are intended to be used for general working capital purposes. About Volcanic Volcanic brings together an experienced and successful mining, exploration and capital markets team focused on building multi-million ounce gold resources in underexplored countries. Through the strategic acquisition of mineral properties with demonstrated potential for hosting gold resources, and by undertaking effective exploration and drill programs, Volcanic intends to become a leading gold company. For further information, visit our website at www.volgold.com. Volcanic Gold Mines Inc. Simon Ridgway, Executive Chairman Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Forward-looking statements Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements and include, without limitation, statements about the Company's business goals and the intended use of the private placement proceeds. Often, but not always, these forward looking statements can be identified by the use of words such as \"estimate\", \"estimates\", \"estimated\", \"potential\", \"open\", \"future\", \"assumed\", \"projected\", \"used\", \"detailed\", \"has been\", \"gain\", \"upgraded\", \"offset\", \"limited\", \"contained\", \"reflecting\", \"containing\", \"remaining\", \"to be\", \"periodically\", or statements that events, \"could\" or \"should\" occur or be achieved and similar expressions, including negative variations. Forward-looking statements involve known and unknown risks, uncertainties and other fact...