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00:12:52 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Vanadiumcorp Resource Inc
Symbol VRB
Shares Issued 299,491,120
Close 2020-11-20 C$ 0.07
Market Cap C$ 20,964,378
Recent Sedar Documents

Vanadiumcorp closes private placement for $500,000

2020-11-21 00:16 ET - News Release

Subject: News Release 2020-11-20 Private Placement Closing.pdf PDF Document File: Attachment 2020-11-20 Private Placement Closing.pdf TSX-V: "VRB" NOT FOR RELEASE IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES VANADIUMCORP COMPLETES PRIVATE PLACEMENT VANCOUVER, BRITISH COLUMBIA, November 20, 2020 VanadiumCorp Resource Inc. (TSX-V: VRB) (the "Company") is pleased to announce that further to its news release dated November 13, 2020, it has completed its non-brokered private placement. The Company issued 10,000,000 units at a price of $0.05 for gross proceeds of $500,000. Each unit is comprised of one common share and one non-transferable warrant. Each warrant is exercisable into one common share of the Company at an exercise price of $0.10 per share for a period of 24 months from the date of issuance. The shares issued are subject to a statutory hold period expiring on November 20, 2022. Proceeds from the placement will be utilized for general working capital. About VanadiumCorp The Company is a mining and technology company focused on the commercial development of the VanadiumCorp- Electrochem Processing Technology "VEPT", a green and efficient chemical process invented by Dr. Francois Cardarelli, that addresses the recovery of vanadium, iron, titanium, and silica from feedstocks such as vanadiferous titano- magnetite, iron ores and other industrial by-products containing vanadium. VanadiumCorp's mandate is to become a strategic supplier of renewable vanadium for redox flow batteries and other high purity applications that benefit most from exclusively green and cost-effective vanadium. VanadiumCorp Resource Inc. plans to integrate VEPT into the development of the 100% owned Lac Dore vanadium-titanium-iron flagship project adjacent to Blackrock Metals Inc.'s property, which is currently permitted to build a mine and mill to produce a vanadium-rich magnetite concentrate product. VanadiumCorp provides investors with leverage to vanadium, titanium, and iron in the mining-friendly and geopolitically stable jurisdiction of Quebec, Canada. Green recovery technology, resource size, superior vanadium grades and well-developed infrastructure is a valuable strategic position to take advantage of the strong vanadium market driven by supply shortages and growing demand from the Chinese steel industry, as well as the fast-emerging renewable use of vanadium in sustainable energy storage for residential to unlimited scale applications. Nearby infrastructure includes a 161kV Hydro Power at approximately $.02 kWh, CN Rail Line, available water, local airport, and a mining community of over 7,000 people in the city of Chibougamau. 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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