Mr. Adriaan Bakker reports
VANADIUMCORP WARRANT EXTENSIONS
Vanadiumcorp Resource Inc. has applied to the TSX Venture Exchange for acceptance to amend the terms of an aggregate of 13,418,699 common
share purchase warrants, issued pursuant to a non-brokered private
placement, which closed on April 8, 2017. The warrants originally
issued are exercisable into common shares in the capital of the company at an exercise price
of 10 cents per common share, with the warrants expiring on April 8, 2019. These warrants
will be amended by extending the expiry date of the warrants to April 8, 2020. In addition,
each warrant will have an accelerated expiry clause such that upon the company's shares
trading at or above nine cents for 10 consecutive trading days, Vanadiumcorp will give notice
within seven calendar days that the warrants will expire 30 days from the date of providing such
notice. No warrants issued under the private placement have been exercised to date. The
amendment to the terms of the warrants is subject to exchange approval.
The company has granted 9.5 million incentive stock options to directors and officers of the
company and 2.4 million to employees and consultants of the company at a price of seven cents per share exercisable for a period of five years.
About Vanadiumcorp
Resource Inc.
Vanadiumcorp is an innovative process technology and mining company
dedicated to commercializing new methods to sustainably recover critical metals. The energy
of tomorrow will be radically different from the past. Vanadiumcorp-Electrochem process technology is an environmentally sustainable, high-yield, high-efficiency
process for recovering vanadium, titanium and iron values from most vanadium-bearing
sources, including waste. Vanadiumcorp also holds a significant vanadium-titanium-iron-bearing resource base in mining-friendly Quebec, Canada.
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