Vatic Announces Roll-Back, Update On Drilling Program

Vatic Ventures Corp. (TSXV: VCV and Frankfurt: V8V2) (the “Company” or “Vatic”) announces that, subject to all regulatory approvals, it intends to amend its share structure by consolidating its issued and outstanding common shares on the basis of one (new) post consolidation share for each three (old) pre-consolidation shares (the “Consolidation”).

The board of directors of the Company believes that the Consolidation is necessary to better position the Company for future corporate development opportunities and financing transactions. There will be no name change in conjunction with the Consolidation.

The Company currently has 54,673,873 common shares issued and outstanding. Following the Consolidation, it is anticipated that the Company will have approximately 18,224,624 common shares issued and outstanding, and continue to trade on the TSX Venture Exchange under the existing stock symbol “VCV”.

The exercise or conversion price and the number of common shares issuable under any of the Company’s outstanding warrants and stock options will be proportionately adjusted to reflect the Consolidation in accordance with their respective terms thereof. No fractional common shares will be issued pursuant to the Consolidation, and any fractional common shares that would otherwise be issued will be rounded down or up to the nearest whole number.

Drilling Program

In conjunction with the closing of the Company’s recent private placement (news release dated April 11, 2018) the Company is pleased to announce that the contract for its initial drill program has been signed. The contractor is Aztec Engineering Co. Ltd., an experienced and reputable drilling contractor which has extensive experience drilling for potash. Drill prepping and mobilization is underway and the Company anticipates starting drilling on May 1, 2018.

ON BEHALF OF THE BOARD OF DIRECTORS.

Nasim Tyab, Director.

ABOUT VATIC VENTURES CORP.

Vatic Ventures Corp (www.vaticventures.com) is a junior exploration company exploring and developing potash licenses in Thailand and continues to assess new opportunities and prospects.

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.” The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company’s expectations or projections.

Source: vaticventures.com