00:50:56 EDT Sat 12 Jul 2025
Enter Symbol
or Name
USA
CA



Vatic Ventures Corp (5)
Symbol VCV
Shares Issued 41,110,837
Close 2024-09-05 C$ 0.055
Market Cap C$ 2,261,096
Recent Sedar Documents

Vatic closes $173,705 first tranche of financing

2024-09-05 16:49 ET - News Release

Subject: Vatic news release Word Document

File: '\\swfile\EmailIn\20240905 132622 Attachment 2024-09-05.docx'

VATIC VENTURES CORP.

1400-1040 WEST GEORGIA STREET

VANCOUVER, BC V6E 4H1, CANADA

E-MAIL: INFO@VATICVENTURES.COM

TEL: 604-757-9792

VATIC VENTURES CORP.

VATIC VENTURES CLOSES FIRST TRANCHE OF

PRIVATE PLACEMENT FINANCING, SETTLES DEBT FOR SHARES

VANC OUVER, BC, SEPTEMBER 5, 2024 - Vatic Ventures Corp. (the "Company" or "Vatic") (TSXV: VCV; FRA: V8V; OTC Pink: VCVVF) is pleased to announce that is has received conditional approval from the TSX Venture Exchange (the "Exchange") of its non-brokered $0.05 unit (the "Units") private placement financing (the "Financing") for aggregate gross proceeds of up to $750,000. Each Unit is comprised of one (1) common share of the Company and one common share purchase warrant (the "Warrants"), each Warrant being exercisable for an additional common share of the Company at $0.075 for 24 months from the date of issue. The Company has closed the first tranche of the Financing for aggregate gross proceeds of $173,705 and has issued 3,474,100 common shares and 3,474,100 common share purchase warrants to various subscribers.

In connection with the Financing the Company has paid finders fees in accordance with the policies of the Exchange as follows: $8,286 cash and 165,720 broker warrants being exercisable for an additional common share of the Company at $0.075 for 24 months from the date of issue. Proceeds of the Financing will be used for general working capital. All securities issued pursuant to the Financing are subject to a 4 month plus 1 day hold period.

The Company also announces that it has received approval from the Exchange to settle $16,839 in debt ("Debt Settlement") by issuing 240,557 $0.07 shares (the "Debt Shares") of the Company to an arms-length creditor. The Debt Shares issued pursuant to the Debt Settlement are subject to a 4 month plus 1 day hold period.

ABOUT VATIC VENTURES CORP.

Vatic is a mineral exploration and development company focused on developing high-value properties. Vatic has an option to acquire a 100% interest in the Solonopole South Lithium Property in Brazil and has an option to acquire an 80% interest in the Opuwo Copper Property in Namibia.

ON BEHALF OF THE BOARD OF DIRECTORS OF VATIC VENTURES CORP.

"Loren Currie"

Loren Currie

CEO & Director

info@vaticventures.com

604-757-9792

Website: www.vaticventures.com

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

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