08:04:00 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Vanadiumcorp Resource Inc
Symbol VRB
Shares Issued 256,414,928
Close 2019-10-21 C$ 0.045
Market Cap C$ 11,538,672
Recent Sedar Documents

ORIGINAL: Vanadiumcorp arranges $1.15-million private placement

2019-10-21 17:52 ET - News Release

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File: 2019-10-21 Private Placement-1.15M (2).docx






NOT FOR RELEASE IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES
VANADIUMCORP ARRANGES $1.15 MILLION PRIVATE PLACEMENT

VANCOUVER, BRITISH COLUMBIA, October 21, 2019 - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company") has arranged
---> a non-brokered private placement of up to 12,307,692 flow-through common shares at a price of $0.065 cents per share 
--->for a total of up to $800,000 and of up to 7,000,000 non flow-through units at a price of $0.05 cents for gross procee
--->ds of up to $350,000. Each unit will consist of one common share of the Company and one share purchase warrant. Each s
--->hare purchase warrant can be exercised at a price of $0.07 for a period of 24 months from the date of closing in excha
--->nge for one common share in Company.  All securities issued pursuant to the placement will be subject to a hold period
---> of four months and one day from the date of closing. Proceeds from the placement will be utilized for advancing the 1
--->00% owned Lac Dore Vanadium Project in Chibougamau, Quebec, Canada and for general working capital.  
The private placement is subject to approval by the TSX Venture Exchange. The Company may pay finders fees in connecti
--->on with the private placement in accordance with the policies of the TSX Venture Exchange.  
VanadiumCorp Resource Inc. is an integrated technology and mining company focused on developing the exclusive supply c
--->hain for vanadium based energy storage and emerging technologies that utilize vanadium. VanadiumCorp is focused on com
--->mercializing the most efficient and sustainable recovery method to produce vanadium with jointly developed process tec
--->hnology. VanadiumCorp also holds a significant vanadium-titanium-iron bearing resource base in mining friendly Quebec,
---> Canada including the 100% owned Lac Dore Project adjacent to Blackrock Metals Inc. and the 100% owned Iron-T Project 
--->near the Glencore (Bracemac-McLeod) Matagami Copper-Zinc Mine.
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. 
(TSX-V: "VRB")
By phone: 1-604-385-4489
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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