The Conversation (0)
VanadiumCorp Resource Inc. (TSXV:VRB) announced a non-brokered private placement of aggregate gross proceeds of approximately C$50,000 to be completed under SIDEX’s “Field Action 2014” program, a $3-Million financing program that encourages junior mineral exploration companies to pursue field work during the summer and fall 2014, employ young professionals and service companies and make way for new discoveries.
As quoted in the press release:
Each Unit shall consist of one non-flow-through common share of the Issuer and one share purchase warrant (“Warrant”). Each whole Warrant will entitle the holder to acquire one non flow-through common share of the Issuer at a price of C$0.10 for a period of 36 months following the closing date of the Offering. All securities issued pursuant to the placement will be subject to a hold period of four months and one day from the date of closing.
Click here to read the VanadiumCorp Resource Inc. (TSXV:VRB) press release
Click here to see the VanadiumCorp Resource Inc. (TSXV:VRB) profile.