First Vanadium Announces Private Placement of Up to $1,000,000
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
First Vanadium Announces Private Placement of Up to $1,000,000
May 21, 2019 ‐ Vancouver, British Columbia – First Vanadium Corp. (TSX‐V: FVAN) (OTCQX®: FVANF)
(FSE: 1PY) ( “First Vanadium” o r t h e “Company”) is pleased to announce a non‐brokered private
placement of up to 2,500,000 units at a price of $0.40 per unit for gross proceeds of up to $1,000,000.
Each unit will be comprised of one common share and one warrant . Each warrant will be exercisable
into one common share for a period of three years at an exercise price of $0.65 per share.
The proceeds of the private placement will be used to carry out technical work on the Company’s Carlin
Vanadium Project and for general working capital. The Company m ay pay a finder’s fee of cash, shares
or finders warrants, to eligible persons, in compliance with applicable securities laws and exchange
policies. The Company will make provision for an over‐allotment option (Greenshoe) to allow a purchase
of up to 20% additional units beyond the number of units in this Offering. This financing is subject to
TSXV approval.
This news release does not constitute an offer to sell or a sol icitation of an offer to buy nor shall there
be any sale of any of the securities in any jurisdiction in whi ch such offer, solicitation or sale would be
unlawful, including in the United States of America. The securi ties have not been and will not be
registered under the United Stat es Securities Act of 1933 as am ended (1933 Act), or any state securities
laws, and may not be offered or sold within the United States o r to, or for account or benefit of, U.S.
persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and
applicable state securities laws, or an exemption from such registration requirements is available.
About First Vanadium Corp.
First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko
C o u n t y , 6 m i l e s s o u t h f r o m t h e t o w n o f C a r l i n , N e v a d a o n H i g h w ay I ‐ 8 0 . T h e C a r l i n V a n a d i u m P r o j e c t
hosts the Carlin Vanadium deposit, which is flat to shallow dipping and at shallow depths with strike
length of approximately 1,800 me tres, width averaging 600 metre s and thickness ranging from 15
metres to 50 metres. The Company announced its maiden resource February 27, 2019.
ON BEHALF OF FIRST VANADIUM CORP.
per: "Paul Cowley"
CEO & President
(778) 655‐4311
www.firstvanadium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward‐looking information
Certain statements in this news release constitute "forward‐looking" statements. These statements relate to future
events or the Company's future performance and include the Comp any’s ability to meet its obligations under the Access
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and Mineral Lease Agreement, the conditions required to exercise in full its option to acquire the Carlin Vanadium
project, the proposed private placement offering an d the use of proceeds of such offering . All such statements involve
substantial known and unknown risks, uncertainties and other fa ctors which may cause the actual results to vary from
those expressed or implied by such forward‐looking statements. Forward‐looking statements involve significant risks and
uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be
accurate indications of whether or not such results will be achi e v e d . A c t u a l r e s u l t s c o u l d d i f f e r m a t e r i a l l y f r o m t h o s e
anticipated due to a number of factors and risks. Although the forward‐looking statements contained in this news
release are based upon what management of the Company believes are reasonable assumptions on the date of this
news release, the Company cannot assure investors that actual results will be consistent with these forward‐looking
statements. The forward‐looking statements contained in this press release are made as of the date hereof and the
Company disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of
new information, future events or otherwise, except as required under applicable securities regulations.