Mr. Adriaan Bakker reports
VANADIUMCORP COMPLETES PRIVATE PLACEMENT
Vanadiumcorp Resource Inc. has completed its previously announced non-brokered private
placement of flow-through common shares. Pursuant to the private placement, the company issued 1.4 million flow-through common shares at a price of seven cents per share for gross proceeds of $98,000.
In connection with the private placement, the company has agreed to pay a cash finder's fee of $5,880. The
shares issued in connection with the private placement are subject to a statutory hold period expiring on
Dec. 21, 2020.
Proceeds from the placement will be utilized for advancing the 100-per-cent-owned Lac Dore vanadium project in
Chibougamau, Que., Canada.
Vanadiumcorp Resource is an integrated technology and mining company focused on developing the
exclusive supply chain for vanadium-based energy storage and emerging technologies that utilize vanadium.
Vanadiumcorp owns 100 per cent of two of the most coveted, undeveloped primary vanadium-rich magnetite
resources rich in iron and titanium. The company has also co-developed process technology that can unlock
maximum metal value with renewable energy from most vanadium-bearing feed stocks as well as flow battery
technology that can utilize vanadium indefinitely. Vanadiumcorp's key vanadium mining assets are located in
mining-friendly Quebec, Canada, including the 100-per-cent-owned Lac Dore project adjacent to Blackrock
Mining Inc. and the 100-per-cent-owned Iron-T project located near the Glencore (Bracemac-McLeod)
Matagami copper-zinc mine.
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