Vanadiumcorp closes $166,100 tranche two of placement

Executive Summary

• Vanadiumcorp Resource Inc. closed the second tranche of its private placement, issuing 1.51 million units for gross proceeds of $166,100.
• The financing consists of up to 4,545,455 units at $0.11 per unit, each unit containing one common share and one warrant (exercisable at $0.15 for two years).
• Proceeds are earmarked for working capital and general corporate purposes; the transaction is subject to exchange approval and a four‑month hold period on the securities.

Key Details

• Units Issued – Tranche 2: 1,510,000 units @ $0.11 each → $166,100 gross proceeds.
• Total Authorized Units: Up to 4,545,455 units (each = 1 common share + 1 warrant).
• Warrant Terms: Exercise price $0.15 per share; exercisable for two years from issue date.
• Related‑Party Subscription: Two insiders subscribed for 960,000 units → $105,600; qualifies as a related‑party transaction under MI 61‑101.
• Valuation Exemption: Company relies on sections 5.5(a) & (b) of MI 61‑101; fair market value of the insider portion ≤ 25 % of market cap.
• Regulatory Conditions: Subject to final exchange approval; securities subject to a four‑month hold from issuance date.
• Use of Proceeds: Allocated to working capital and general corporate purposes.
• Financing Completion Target: Expected by September 12, 2025.

Notable Quotes

(No direct quotes provided in the release.)