VanadiumCorp Doubles Private Placement to CAD 1M columns

Has due to popular demand VanadiumCorp Resource (TSXV: VRB; FRA: NWN) increased the scope for its ongoing capital increase from originally CAD 500,000 to CAD 1 million. The placement at an issue price of CAD 0.10 per unit only takes place around six weeks after the company has already raised CAD 500,000 at CAD 0.05.

Each unit consists of one common share of the company and a warrant to purchase common shares. Each warrant entitles the holder to purchase one common share over a period of two years at an exercise price of $ 0.15.

VanadiumCorp Resource is an integrated, green technology company that owns one of the largest and most metallurgically cheapest vanadium resources in the world in mining-friendly Quebec. To develop this mining asset, VanadiumCorp. A patent pending for a new process technology for environmentally friendly production. VanadiumCorp is also working to commercialize breakthrough technologies to improve vanadium electrolytes in next-generation vanadium redox flow battery systems.

All securities issued in connection with the placement are subject to a four month hold period and one day from the date of closing. The proceeds from the placement will be used for general working capital.

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