22:27:16 EDT Mon 14 Jul 2025
Enter Symbol
or Name
USA
CA



Vanity Capital Inc
Symbol VYC
Shares Issued 10,502,265
Close 2025-05-15 C$ 0.01
Market Cap C$ 105,023
Recent Sedar Documents

Vanity Capital arranges $500,000 private placement

2025-05-22 09:37 ET - News Release

Mr. Nicholas Segounis reports

VANITY ANNOUNCES PRIVATE PLACEMENT FUNDING

Vanity Capital Inc. has arranged a non-brokered private placement financing of up to $500,000, to be completed in two tranches.

The first tranche will consist of 10 million units at a price of one cent per unit, for gross proceeds of $100,000, and is expected to close immediately, subject to final acceptance by the NEX board of the TSX Venture Exchange.

The second tranche will consist of 40 million units at a price of one cent per unit, for gross proceeds of $400,000, and is expected to close following the approval of certain matters by shareholders at the company's 2025 annual and special meeting, in accordance with exchange policies.

Each unit will comprise one common share of the company and one-half common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of five cents per share for a period of one year from the date of issuance.

A portion of the financing will be completed on a flow-through basis under the Income Tax Act (Canada). Flow-through units will entitle holders to the tax benefits applicable to flow-through shares, subject to applicable law.

Proceeds from the offering will be used for working capital, to finance continuing operations, and to support property investigations, exploration and development activities.

A cash finder's fee of up to 6 per cent may be paid in connection with a portion of the financing, subject to compliance with exchange policies.

The company notes that the closing of the second tranche will result in the issuance of more than 100 per cent of the company's current issued and outstanding shares within a 12-month period and is expected to result in the creation of a new control person (as such term is defined in exchange policies). As such, the second tranche is subject to shareholder approval, in addition to exchange acceptance.

About Vanity Capital Inc.

Vanity's legacy business was the acquisition, exploration and development of resource properties in Canada. The company's current principal business activity is focused on the identification and evaluation of opportunities to acquire one or more exploration properties in Canada.

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