First Vanadium Announces Private Placement of Up to $1,500,000
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
First Vanadium Announces Private Placement of Up to $1,500,000
June 18, 2020 - Vancouver, British Columbia – First Vanadium Corp. (TSX-V: FVAN) (OTCQX®: FVANF)
(FSE: 1PY) (“First Vanadium” or the “ Company”) is pleased to announce a non -brokered private
placement of up to 10,000,000 units at a price of $0. 15 per unit for gross proceeds of up to $1, 500,000.
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 $0.26 per share.
The proceeds of the private placement will be used to carry out technical work principally for drilling the
gold opportunity on the Company’s Carlin Vanadium Project and to a lesser degree for general working
capital. The Company may pay a finder’s fee of cash, shares or finders warrants, to eligible persons, in
compliance with applicable securities laws and exchange policies. This financing is subject to TSXV
approval.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be
any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful, including in the United States of America. The securities have not been and will not be registered
under the United States Securities Act of 1933 as amended (1933 Act), or any state securities laws, and
may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons (as
defined in Regulation S under the 1933 Act) unless register ed 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
County, 6 miles south from the town of Carlin, Nevada on Highway I-80. The Carlin Vanadium Project hosts
the Carlin Vanadium deposit, which is flat to shallow dipping and at shallow depths with strike length of
approximately 1,800 metres , width averaging 600 metres and thickness ranging from 15 metres to 50
metres. The Company announced the completion of a Preliminary Economic Assessment on the Project
on May 11, 2020.
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 the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
This news release contains forward -looking statements respecting the Company's ability to successfully complete the
Offering. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ
materially from those reflected in these forward-looking statements. Such statements are based on current expectations,
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are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such
statements, including the inability of the Company to successfully complete the Offering. These uncertainties and risks
include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, and liquidity
risks. Risks and uncertainties about the Company's business are more fully discussed in the company's disclosure materials
filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read
these materials. The Company assumes no obligation to update any forward- looking statement or to update the reasons
why actual results could differ from such statements unless required by law.