First Vanadium Announces Second Tranche Closing of Over-Subscribed Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
First Vanadium Announces Second Tranche Closing of Over-Subscribed Private Placement
July 3, 2019 - Vancouver, British Columbia – First Vanadium Corp. (TSX-V: FVAN) (OTCQX®: FVANF) (FSE:
1PY) (“First Vanadium” or the “ Company”) announces that it has now completed the second and final
tranche closing (the “Second Tranche”) of its non-brokered private placement (the “Offering”) previously
announced on May 21, 2019, and increased June 25, 2019. Under the Second Tranche, the Company has
issued 1,312,000 units for gross proceeds of $524,800. No finder’s fees were paid in connection with the
Second Tranche. All securities issued under the Second Tranche are subject to a four month hold period
expiring November 4, 2019, in accordance with applicable securities laws and the policies of the TSX
Venture Exchange.
Together with the first tranche closing announced June 6, 2019, the Company has now raised a total of
$1,375,000 under this private placement.
Paul Cowley, the Company’s CEO, stated: “We are very pleased with the interest and positive market
response for our private placement. The capital will be used tactically to advance our Carlin Vanadium
project, North America’s largest highest-grade, primary vanadium resource.”
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 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
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 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.
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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 Company’s ability to meet its obligations under the Access and Mineral Lease
Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project. All such statements
involve substantial known and unknown risks, uncertainties and other factors 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 achieved. Actual results could differ materially from those 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.