01:42:38 EST Thu 26 Nov 2020
Enter Symbol
or Name

Vanadiumcorp Resource Inc
Symbol VRB
Shares Issued 286,561,120
Close 2020-01-29 C$ 0.045
Recent Sedar Documents

Vanadiumcorp closes $99,500 second tranche of financing

2020-01-30 18:29 ET - News Release

Mr. Adriaan Bakker reports


Vanadiumcorp Resource Inc., further to its news release dated Dec. 16, 2019, and Dec. 24, 2019, has completed the second tranche of its non-brokered private placement. Pursuant to the second tranche, the company issued 1.99 million units at a price of five cents for gross proceeds of $99,500. Each unit comprises one common share and one non-transferable warrant. Each warrant is exercisable into one common share of the company at an exercise price of seven cents per share for a period of 24 months from the date of issuance.

The shares issued in connection with the second tranche are subject to a statutory hold period expiring on May 31, 2020.

Proceeds from the placement will be used for advancing the 100-per-cent-owned Lac Dore vanadium project in Chibougamau, Que., Canada, for the XRG technology development in Germany and for general working capital.

Vanadiumcorp Resource is an integrated company developing an exclusive supply chain for next-generation vanadium redox flow batteries.

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