Business
Vulcan Minerals Inc. Increases Financing
Vulcan Minerals Inc. Increases Financing.
About this update from Vulcan Minerals Inc.
[{"type":"text","content":"\n\n\n\n\nStock Symbol: TSX: VUL\nShares issued: 28,610,884\n\nST. JOHN'S, Dec. 15 /CNW/ - Vulcan Minerals Inc. (\"the Company\" TSX-V:\nVUL), is pleased to announce that the brokered private placement announced on\nDecember 14th, 2005 has been increased from a maximum of $1,500,000 to\n$2,500,000. This represents an increase in the flow-through units from\n2,500,000 units to 5,000,000 units on similar terms. Each flow-through unit is\npriced at $0.40 and consists of one common share plus one-half of a common\nshare purchase warrant. One whole warrant is exercisable into one common share\n(non-flow-through) at a price of $0.60 for a period of eighteen months. The\nagents, commission and use of proceeds remain the same as previously\nannounced. The financing is subject to TSX Venture Exchange approval. Closing\ndate is proposed to be on or before December 31, 2005.\n\n The TSX Venture Stock Exchange has not reviewed and does not accept\n responsibility for the adequacy or accuracy of this release.\n%SEDAR: 00003997E\n\n\n","length":1093,"tagName":"div"}]