Vatic Ventures Corp. Announces $750,000 Private Placement Financing
VATIC VENTURES CORP. 1500-1040 WEST GEORGIA STREET VANCOUVER, BC V6E 4H1 CANADA
PHONE: (778) 373-6972 FAX: (604) 689-1288 EMAIL: [email protected]
Vatic Ventures Corp. Announces $750,000 Private Placement Financing
Vancouver, BC, December 18, 2018 - Vatic Ventures Corp. (the "Company" or "Vatic") (TSXV VCV; OTCBB: VTTCF; FWB: V8V3) announces that, subject to regulatory approvals, it will conduct a non-brokered private placement of up to 10,000,000 units (“Units”) at a price of seven and a half cents per Unit ($0.075) to raise proceeds of up to $750,000. Each Unit will consist of one common share and one half of a common share purchase warrant (“Unit Warrant”) with each full Unit Warrant entitling the holder to acquire one additional common share at a price of $0.10 per share for 24 months from closing. The funds from the financing will be used for general corporate purposes. Finder’s fees on the financing may be paid in accordance with TSX Venture Exchange policies.
ABOUT VATIC VENTURES CORP.
Vatic is reviewing various potential opportunities in the cannabis sector. Management is of the view that although there is an excessive amount of participation and competition in certain areas of the cannabis industry there continues to be tremendous potential to develop business models which embrace unique and profitable approaches to the sector.
ON BEHALF OF THE BOARD OF DIRECTORS.
T. Barry Coughlan, CEO
"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 Company's expectations or projections.