Vanadiumcorp seeks final TSX-V OK for private placement

Executive Summary

• Vanadiumcorp Resource Inc. has submitted documentation for final regulatory approval of its $396,099.99 private placement financing at $0.11 per unit.
• The offering consists of 3,600,909 units, each comprising one common share and one warrant to purchase an additional share at $0.15, with a four‑month hold on all securities.
• Proceeds are earmarked for working capital and general corporate purposes.

Key Details

• Financing Size: Aggregate gross proceeds of $396,099.99.
• Unit Structure: 3,600,909 units; each unit = 1 common share + 1 warrant (exercise price $0.15, exercisable for two years).
• Pricing: $0.11 per unit (equivalent to $0.055 per share plus warrant component).
• Hold Period: All securities subject to a four‑month hold pending final exchange approval.
• Use of Proceeds: Allocated to working capital and general corporate purposes.
• Regulatory Status: Financing is subject to final exchange approval; documents have been submitted for that purpose.

Notable Quotes

(No executive quotes were provided in the release.)