- VanadiumCorp Resource (VRB) has announced a non-brokered private placement financing of up to $1.5 million
- VanadiumCorp plans to use the proceeds for metallurgical test work for the company’s Lac Doré vanadium-titanium-iron deposit and the procurement of equipment for its production test facility
- VanadiumCorp Resource engages in the exploration and development of mineral properties in Canada
- VanadiumCorp Resource Inc. (VRB) is down 5.56 per cent, trading at C$0.085 per share at 3:00 pm ET
VanadiumCorp Resource (VRB) has announced a non-brokered private placement financing of up to $1.5 million.
The financing will consist of up to 1,500,000 units priced at $0.10 per unit. Each unit consists of one common share and one purchase warrant to acquire an additional common share at $0.18 for two years.
Directors and officers of the company may also acquire securities under the financing.
The company will pay finders’ fees in cash and broker purchase warrants bearing same terms as the unit warrants. All securities issued will be subject to a statutory four-month hold period.
VanadiumCorp plans to use the proceeds for metallurgical test work for the company’s Lac Doré vanadium-titanium-iron deposit and the procurement of equipment for its production test facility for high-quality vanadium electrolyte for use in vanadium redox flow batteries (VRFB).
About VanadiumCorp Resource
VanadiumCorp Resource engages in the exploration and development of mineral properties in Canada. It also focuses on the development of vanadium redox flow battery technology in Germany. The company’s primary focus is on the Lac Dore and Iron-T Properties in Quebec which is prospective for vanadium, titanium, and iron.
VanadiumCorp Resource Inc. (VRB) is down 5.56 per cent, trading at C$0.085 per share at 3:00 pm ET.
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