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File: Attachment NR_2019Dec24_VRB.pdf

 
 
                                                                                                       TSX-V: "VRB"
 
 
                                                                    
                              NOT FOR RELEASE IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES 

                                       
                                                              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.