Business
Volcanic proposes $3 million Private Placement to Fund Exploration in Guatemala
(via TheNewswire) June 4, 2020 - TheNewswire - Vancouver, British Columbia - ...
About this update from Volcanic Gold Mines Inc.
[{"type":"text","content":"Volcanic proposes $3 million Private Placement to Fund Exploration in Guatemala(via TheNewswire)\n \n \nJune 4, 2020 - TheNewswire - Vancouver, British Columbia - Volcanic Gold Mines Inc. (TSXV:VG) is pleased to announce a proposed non-brokered private placement (the \"Private Placement\") of a minimum of 12,000,000 units (\"Units\") of Volcanic at a price of $0.25 per unit for proceeds of a minimum of $3,000,000.\n\n\n \nEach Unit will consist of one common share (\"Common Share\") and one-half of one Common Share purchase warrant (a \"Warrant\"). Each whole Warrant will entitle the holder to purchase one Common Share at a price of $0.30 for a term of 24 months following the closing of the Private Placement.\n\n\n \nVolcanic may pay a finder's fee on all or a portion of the Private Placement. The proceeds of the Private Placement are intended to be used for working capital purposes and to fund exploration efforts on Volcanic's optioned properties in Guatemala. The Private Placement is subject to approval by the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to the applicable statutory four-month hold period.\n\n \n \nThis news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States or in any other jurisdiction. The securities referred to in this press release have not been and will not be registered under the U.S. Securities Act and may not be offered or sold without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an exemption from such registration.\n\n \n \nAbout Volcanic\n\n \n \nVolcanic brings together an experienced and successful mining, exploration and capital markets team focused on building multi-million ounce gold and silver resources in underexplored countries. Through the strategic acquisition of mineral properties with demonstrated potential for hosting gold and silver resources, and by undertaking effective exploration and drill programs, Volcanic intends to become a leading gold-silver company.\n\n \n \nFor further information, visit our website at www.volgold.com.\n\n \n \nVolcanic Gold Mines Inc.\n\n \n \nCharles Straw, Director/CEO\n\n \n \nNeither the TSX Venture Exchange nor the Investment Industry Regulatory ...