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Vatic Ventures Corp. (TSXV:VCV and Frankfurt: V8V) (the “Company” or “Vatic”) is pleased to announce that it has closed its private placement financing (announced February 1, 2018) for gross proceeds of $482,500.
Vatic Ventures Corp. (TSXV:VCV and Frankfurt: V8V) (the “Company” or “Vatic”) is pleased to announce that it has closed its private placement financing (announced February 1, 2018) for gross proceeds of $482,500. The Company will issue a total of 9,650,000 units (“Units”) at a price of $0.05 per Unit. Each Unit consists of one (1) common share of the Company and one (1) full Common Share Purchase Warrant exercisable at $0.10 for 12 months from the date of issuance.
All securities issued in the placement are subject to a four-month hold period.
The funds from the financing will be used to conduct further development on the Company’s potash licenses in Thailand held by the Company’s subsidiary Saksrithai Development Co. Ltd. and for working capital purposes.
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 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
Source: vaticventures.com