Global Announces Private Placement
2310 - 1177 West Hastings Street │Vancouver, BC │V6E 2K3
TSX-V: GLV
GLOBAL ANNOUNCES PRIVATE PLACEMENT
August 5, 2020 – Global Vanadium Corp. (GLV: TSX-V) (“Global” or the “Company”) is pleased
to announce a non-brokered private placement of up to 10,000,000 u nits (the “Units”) at a price of $0.25
per unit, for gross proceeds of up to $2,500,000 (the “Private Placement”). Each Unit will consist of one
common share and one share purchase warrant, each whole share purchase warrant being exercisable for a
period of two years at a price of $0.50 per share and subject to accelerated expiry in the event the common
shares of the Company trade on the Exchange at a price of $1.00 or higher for ten consecutive trading days.
Proceeds from the Private Placeme nt will be used for general wo rking capital, sampling program on the
Desert Eagle Project, and some initial field work on the Stony Lake East Gold Project.
The Private Placement may include finder’s fees of up to 8% cash.
All securities issued pursuant to this financing are subject to a four month hold period from the date of
issuance. The Private Placement is subject to approval from the TSX Venture Exchange.
Global Vanadium Corp.
“Kosta Tsoutsis”
CEO, Director
For further information, please contact:
Kosta Tsoutsis
Chief Executive Officer and Director
Global Vanadium Corp.
email: [email protected]
Telephone: 604 808-9134
Brian Morrison
Chief Financial Officer and Director
Global Vanadium Corp.
email: [email protected]
telephone: 604 312-6910
2310 - 1177 West Hastings Street │Vancouver, BC │V6E 2K3
TSX-V: GLV
The Company is listed on the TSX Venture Exchange.
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.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-lookin g statements, which reflect the expectations of
management regarding Global’s intention to continue to identify potential transactions and make certain
corporate changes and applications. Fo rward-looking statements consist of statements that are not purely
historical, including any statements regarding beliefs , plans, expectations or intentions regarding the
future. Such statements are subject to risks and uncert ainties that may cause actual results, performance
or developments to differ materially from those contained in the statements. No assurance can be given that
any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits
Global will obtain from them. These forward-looking statements reflect managements’ current views and
are based on certain expectations, estimates and assump tions which may prove to be incorrect. A number
of risks and uncertainties could cause actual results to differ materially from those expressed or implied by
the forward-looking statements, including Global’s in ability to identify transactions having satisfactory
terms or at all and the results of exploration or review of properties that Global does acquire. These forward-
looking statements are made as of the date of this news release and Global assumes no obligation to update
these forward-looking statements, or to update the reasons why actual results differed from those projected
in the forward-looking statements, except in accordance with applicable securities laws.