Visionary Copper and Gold Mines Inc. Announces $3.0 million Private Placement Financing for Exploration Campaign at Pt. Leamington Project, NFLD

Executive Summary

• Visionary Copper and Gold Mines Inc. announced a non‑brokered private placement to raise up to C$3.0 million to fund a drilling campaign at its 100% owned Pt. Leamington Project in Newfoundland.
• The offering consists of three classes of units: hard‑dollar (HD) units, flow‑through (FT) units, and Manitoba flow‑through (MB FT) units, each with associated warrants and specific pricing.
• Proceeds will be allocated to eligible Canadian exploration expenses for the Pt. Leamington Project (FT units) and to working capital/general corporate purposes (HD units).

Key Details

• Total Offering Size: Up to C$3.0 million.
• Unit Structure & Pricing
• Hard‑Dollar Units (HD): Up to 1,560,000 units at C$0.75 per unit → gross proceeds up to C$1,170,000. Each HD Unit = 1 common share + ½ transferable common share purchase warrant.
• Flow‑Through Units (FT): Up to 1,333,333 units at C$1.11 per unit → gross proceeds up to C$1,480,000. Each FT Unit = 1 flow‑through common share + ½ transferable warrant (non‑flow‑through).
• Manitoba Flow‑Through Units (MB FT): Up to 267,175 units at C$1.31 per unit → gross proceeds up to C$350,000. Same composition as FT Units.
• Warrant Terms: Each warrant exercisable for one additional common share at C$1.10 per share; expires two years from closing unless accelerated. Acceleration triggers if VWAP ≥ C$1.50 for 10 consecutive trading days, moving expiry to 30 days after acceleration notice.
• Use of Proceeds
• FT Units: To incur eligible “Canadian exploration expenses” qualifying as flow‑through critical mineral mining expenditures for the Pt. Leamington Project; these will be renounced to subscribers by Dec 31 2025.
• HD Units: For working capital and general corporate purposes.
• Closing Conditions: Subject to acceptance by the TSX Venture Exchange.
• Regulatory Notices: No offer or solicitation in the United States; securities not registered under U.S. securities laws.

Notable Quotes

(No direct quotes were provided in the release.)