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File: Attachment NR_2019Dec24_VRB.pdf
TSX-V: "VRB"
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ST
VANADIUMCORP COMPLETES 1 TRANCHE OF PRIVATE PLACEMENT
VANCOUVER, BRITISH COLUMBIA, December 24, 2019 VanadiumCorp Resource Inc. (TSXV: VRB) (the
"Company") is pleased to announce that further to its news release dated December 16, 2019, it has
completed the first tranche of its nonbrokered private placement. Pursuant to the first tranche, the Company
issued 12,307,731 flowthrough common shares at a price of $0.065 for gross proceeds of $800,003.
The shares issued in connection with the first tranche are subject to a statutory hold period expiring
---> on April
21, 2020. In connection with the first tranche, the Company paid a total of $64,000 in cash as finder's fees.
The Company is proceeding with the second tranche consisting of up to 10,000,000 units at a price of
---> $0.05
per unit. Proceeds from the placement will be utilized for advancing the 100% owned Lac Dore vanadium
project in Chibougamau, Quebec, Canada, for the XRG technology development in Germany and for general
working capital.
This news release does not constitute an offer of securities for sale in the United States. The secur
--->ities being
offered have not been, nor will they be, registered under the United States Securities Act of 1933, a
--->s
amended, and such securities may not be offered or sold within the United States absent United States
registration or an applicable exemption from United States registration requirements.
VanadiumCorp Resource Inc. is an integrated company developing an exclusive supply chain for next
generation vanadium redox flow batteries. The Company has jointly developed process technology that
mitigates the cost and carbon footprint of vanadium which is successfully tested on many global feedsto
--->cks.
The Company's vanadium rich titanomagnetite resource base is located in mining friendly Quebec, Canada and
the first VRFB production facility is located in Karlsruhe, Germany.
On behalf of the board of VanadiumCorp:
Adriaan Bakker
President and Chief Executive Officer
For more information:
Adriaan Bakker,
President and CEO, VanadiumCorp Resource Inc.
(TSXV: "VRB")
By phone: 16043854489
By email: ab@vanadiumcorp.com
Website: www.vanadiumcorp.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.
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