Visionary Copper closes final tranche of financing

Executive Summary

• Visionary Copper and Gold Mines Inc. closed the final tranche of its non‑brokered private placement, raising a total of $3,040,262 through charity flow‑through units.
• The company also settled creditor indebtedness of $584,532 by issuing 446,043 common shares, subject to resale restrictions.
• Proceeds from the financing will be used for eligible Canadian exploration expenses on the Point Leamington project.

Key Details

• Private Placement – Final Tranche
• Issued 1,333,334 charity flow‑through units at $1.11 per unit → $1,480,000.74 gross proceeds.
• Issued 267,176 Manitoba charity flow‑through units at $1.31 per unit → $350,000.56 gross proceeds.
• Total gross proceeds from the final tranche: $1,830,001.30.

• Combined with earlier tranches, total raised under the placement: $3,040,262.

• Unit Structure

• Each unit = one flow‑through common share + ½ transferable common share purchase warrant.
• Warrants exercisable into one additional common share for two years at $1.10 per share.

• Acceleration clause: expiry date may be accelerated if VWAP ≥ $1.50 for ten consecutive trading days; acceleration notice must be issued within 10 business days and expiry set to 30 days after notice.

• Resale Restrictions

• All securities (units, Manitoba units, and settlement shares) subject to a four‑month resale restriction from issuance date.

• Finder Fees

• First tranche paid cash finder fee of $6,750; no finder fees were paid on the second tranche.

• Use of Proceeds

• Gross proceeds will fund eligible Canadian exploration expenses that qualify as flow‑through critical mineral mining expenditures for the Point Leamington project in Newfoundland.

• All qualifying expenditures to be renounced to subscribers effective Dec 31, 2025.

• Debt Settlement

• Agreed to settle creditor indebtedness of $584,532 by issuing 446,043 common shares.
• Shares issued are arm’s‑length and subject to the same four‑month resale restriction.
• Closing of settlement pending acceptance by the TSX Venture Exchange.

Notable Quotes

• (No direct quotes were provided in the release.)