The financing will consist of:
7,272,727 units (“units”) priced at $ .11 per unit for gross revenues of a maximum of $ 800,000. Each unit will consist of one non-flow-through normal share of the company and one purchase order to acquire an extra common share for $ 0.15 for a period of three years.
The company can pay the fees of the finder in cash and orders the same conditions as the unit justify. All shares issued on the basis of the financing and all shares issued by the exercise of warrants will be subject to a four -month hold of the closing date. The financing is subject to the approval of TSXV Exchange.
The financing revenues will be used for working capital, the production and sale of Vanadium electrolyte, the engineering of a second factory and the general business purposes of the company.
Vanadiumcorp’s President Kristien Davenport stated: “This small financing will return our first pilot plant. We can also continue with the technical work for our second factory, which we estimate will produce annually up to 4,000,000 liters of electrolyte as soon as it is in use. This will enable Vanadiumcorp to offer Canadian -Omtolyt”
About Vanadiumcorp Resource Inc.
Vanadiumcorp Resource Inc. is involved in the production of high-quality Vanadium electrolytes for the growing international market for long-term Vanadium stream batteries (VFB). The company’s pilot factory is located in Val-Des-Sources, Québec. The company also goes technologies for the production of the strategic V-Ti and possibly high-quality FE in its Vanadifous Titanomagnetite projects, including his flagship Lac Doré payment in the vicinity of Chibougamau, Québec. The successful use of these technologies would enable stable, long-term access to the deposits of critical metals of the company, including Vanadium raw material for the production of electrolyte by the company.
On behalf of the Board of Directors of Vanadiumcorp Resource Inc.
“Kristia Davenport” President And Director
Vanabium Calp Sources Inc.
Over Vanabium Calp Resource Inc.
Vanadiumcorp Resource Inc. Produces a high -quality stream Vanadium electrolytescatering for the growing international market for long -term Vanadium Redox Flowbatteries (VRFB). The initial production facility of the company is located in Val-Des-Sources, Québec. The purchase of stable, long-term access to vanadium input for the production of electrolyte is insured, depending on the successful development of the full Vanadium-Titanium-Iron mineral deposits of the company, in particular the flagship Lac Doré deposit near Chibougamau, Québec. In addition, the Electrolytfabriek will serve the double goal to evaluate the quality of the outputs of the LAC Doré -Pilootfabriek and to facilitate the upright of electrolytes.
Company contact information: 3 Rue de Forested,
Marieville, Quebec J3M 1S7 Canada
E -Mail: info@vanadiumcorp.com
Website: www.vanadiumcorp.com
Neither the TSX Venture Exchange nor its regulation services provider (as defined in the policy of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.
Forward -looking Pronouncement
This document can contain future -oriented statements (including “future -oriented information” in the sense of applicable Canadian securities laws and “future -oriented statements” in the sense of the American private effects Litigation Reform Act of 1995) with regard to, among others, Vanadiumcorp’s activities. And the environment in which it works. In general, forward-looking statements can be identified by the use of words such as “anticipates”, “expects” or “does not expect”, “is expected”, “budget”, “forecast”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or Variations of Such Words and Phrases Or Statements That Certain Actions, Events or Results “May”, “Could”, “would”, “would” or “be taken”, “performance” or “will be reached”. Vanadiumcorp relies on a number of assumptions and estimates to make these future-oriented statements, including, without restriction, the possibility of gaining the necessary permits and authorizations to promote LAC Doré ownership to the production phase, the ability to add to existing resources with the development and operation of the owner. These assumptions and estimates are made in the light of predictions and conditions that are considered relevant and reasonable on the basis of available information and current circumstances. A number of risk factors can cause the actual results, the level of activity, performance or results of such exploration and/or mining development, equipment differences of those that are expressed or implied by such future -oriented, including, without restrictions, or such discoveries or such discoveries lead to commercial viable ramparts, the options for materialized materialized materialized to explore and the development of the Voorbehoek for supplementing efforts, changes in general economic, market and business circumstances and other risks set out in the last annual Vanadiumcorp information form under the heading “Risk factors” and in its other public documents. Force -seeing statements are not guarantees for future performance and such information is inherently subject to well -known and unknown risks, uncertainties and other factors that are difficult to predict and that can be the control of Vanadium Corp. Although Vanadiumcorp has tried to identify important risks and factors that can cause actual actions, events or results, materials described in the future -oriented statements may be other factors and risks that cause actions, events or results that are not expected, estimated or intended. Accordingly, excessive dependence may not be placed on these future -oriented statements. In addition, all future -oriented statements are made in this press release from the date of this press release. Vanadiumcorp accepts any intention or obligation to update or revise all future -oriented statements, either as a result of new information, future events or otherwise, except as required by the applicable securities laws.
The future -oriented statements that are included herein are explicitly qualified by this safeguard.
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