VRBFF - Vanadiumcorp files for final approval of $1.6M financing
2023-05-03 09:15:45 ET
- VanadiumCorp Resource ( OTCPK:VRBFF ) has previously announced non-brokered private placement financing of up to $1.5M that has been increased to $1.63M .
- The Financing consists of 16.33M units, with each Unit pricedat $0.10/Unit for gross proceeds of $1.63M.
- Each Unit consists of one common share and one common share purchase warrant, each warrant entitling the holder to acquire an additional common share at an exercise price of $0.18 for a period of two years.
- The net proceeds will be used for exploration and metallurgical testing on the Co.’s wholly owned mineral properties, procurement for the Company’s previously announced first electrolyte manufacturing facility and general corporate purposes.
For further details see:
Vanadiumcorp files for final approval of $1.6M financing