Stock Symbol: TSX: VUL
Shares issued: 28,610,884
ST. JOHN'S, Dec. 15 /CNW/ - Vulcan Minerals Inc. ("the Company" TSX-V:
VUL), is pleased to announce that the brokered private placement announced on
December 14th, 2005 has been increased from a maximum of $1,500,000 to
$2,500,000. This represents an increase in the flow-through units from
2,500,000 units to 5,000,000 units on similar terms. Each flow-through unit is
priced at $0.40 and consists of one common share plus one-half of a common
share purchase warrant. One whole warrant is exercisable into one common share
(non-flow-through) at a price of $0.60 for a period of eighteen months. The
agents, commission and use of proceeds remain the same as previously
announced. The financing is subject to TSX Venture Exchange approval. Closing
date is proposed to be on or before December 31, 2005.
The TSX Venture Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00003997E
