Volatus Apponts Hector de Los Santos as Director and Announces a $1,650,000 Flow-Through and Non-Flowthrough Financing

Volatus Capital appoints de Los Santos as director

2021-07-19 09:29 ET - News Release

Mr. Fred Tejada reports

VOLATUS APPONTS HECTOR DE LOS SANTOS AS DIRECTOR AND ANNOUNCES A $1,650,000 FLOW-THROUGH AND NON-FLOWTHROUGH FINANCING

Volatus Capital Corp. has appointed Hector de Los Santos to the board of directors and announces that it intends to raise $1.65-million through a combination of flow-through and non-flow-through financing.

Private placement

The company will raise $1.2-million through the issuance of 10 million flow-through shares priced at 12 cents a share, and $450,000 through the issuance of five million non-flowthrough units at nine cents per unit where each unit consists of one share and one-half warrant. Each full warrant entitles the holder to acquire one share at 16 cents for a period of 18 months. The company will use the funds on administration, project acquisition and exploration on the company's projects in British Columbia and South Australia.

Mr. de Los Santos

Mr. de Los Santos is the founder and director of Latam Ventures Corp., a mining consultant firm specializing in corporate affairs in Mexico and Latin America. He also works for Eagle Mapping as the geomatics sales manager for Latin America. Prior to that, Mr. de Los Santos was the deputy trade commissioner for the Mexican consulate in Vancouver, B.C. Mr. de Los Santos has more than 12 years of experience in the promotion of exploration projects.

Fred Tejada, president and chief executive officer of Volatus, stated: "I am pleased to welcome Hector to our board. His years in the exploration and development business will provide the company with additional expertise as we continue to advance our exploration projects. The company expects to be more active in bringing out exploration and development news in the coming months."

Chafika Eddine has resigned from the board of directors to focus on other opportunities. The company would like to thank Ms. Eddine for her contributions to the company and wishes her well in her future endeavours.

The company also notes that it is in discussions on the acquisition of the remainder of the Leigh Creek magnesite project in South Australia but cautions that no terms have been reached.

About Volatus Capital Corp.

Volatus Capital is focused on exploration and development of resources in gold, copper and the green economy that have strong demand profiles.

We seek Safe Harbor.

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