07:11:42 EDT Tue 19 Mar 2024
Enter Symbol
or Name
USA
CA



Voltaic Minerals Corp (2)
Symbol VLT
Shares Issued 6,453,382
Close 2018-04-20 C$ 0.25
Market Cap C$ 1,613,346
Recent Sedar Documents

Voltaic Minerals closes $1.05M financing

2018-04-24 10:32 ET - News Release

Mr. Darryl Jones reports

VOLTAIC MINERALS CORP. ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Further to its news release of March 23, 2018, Voltaic Minerals Corp. has completed its non-brokered private placement financing pursuant to which it sold an aggregate of 7,509,285 units, at a price of 14 cents per unit, for gross proceeds of $1,051,299.90.

Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one common share at a price of 20 cents per share until April 23, 2020.

Proceeds from the private placement will be used for process development evaluation as well as evaluation of new projects in the battery metals space. The capital will also be used for general purposes.

An insider of the company subscribed a total of 645,000 units under the financing, which is a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. The participation of the insider in the private placement was exempt from the valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in sections 5.5(b) and 5.7(b) of MI 61-101.

The securities issued under the financing, and the shares that may be issuable on exercise of the warrants, are subject to a statutory hold period expiring on Aug. 24, 2018.

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