Visionary Announces Increased Ownership Position by The Quaternary Group Limited Following Full Warrant Exercise
Visionary Announces Increased Ownership
Position by The Quaternary Group Limited
Following Full Warrant Exercise
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Visionary Copper and Gold Mines
Inc. (TSXV: VCG) (OTCQB: VCGMF) (the "Company" or "Visionary") is pleased to announce that
The
Quaternary Group Limited
("Quaternary Group"), a British Virgin Islands company controlled by Mr.
Ross Jennings, has further increased its ownership position in Visionary through additional open-market
purchases and the full exercise of all of its previously held share purchase warrants of the Company.
Following these transactions, the Quaternary Group beneficially owns, directly or indirectly, 2,650,301
common shares of Visionary, representing approximately 11.24% of the issued and outstanding
common shares of the Company on both a non-diluted and partially diluted basis.
Max Porterfield, President and CEO of Visionary, commented: "I'm very pleased to see The Quaternary
Group continue to increase its commitment to Visionary, including the full exercise of their warrants. The
additional capital from the warrant exercise further strengthens our treasury and supports our ongoing
work at the Pt. Leamington Deposit and across our broader portfolio. The Quaternary Group's
deepening investment is a strong endorsement of our team,
assets, and
vision.
I'm very grateful for their
continued support."
Subsequent to the Company's news release dated May 14, 2026, the Quaternary Group acquired an
additional 208,800 common shares of the Company (the "Shares") through the facilities of the TSX
Venture Exchange. In addition, the Quaternary Group has exercised in full all 666,667 of its previously
held share purchase warrants of the Company (the "Warrants") at an exercise price of $1.10 per
common share, providing the Company with additional gross proceeds of approximately $733,334. The
Company intends to use the proceeds from the warrant exercise for general working capital and to
advance its portfolio of base and precious metals projects, including the 100% owned Pt. Leamington
Deposit in central Newfoundland.
Immediately prior to these transactions, the Quaternary Group beneficially owned 1,774,834 common
shares and 666,667 Warrants, representing approximately 7.75% of the issued and outstanding
common shares of the Company on a non-diluted basis and approximately 10.36% on a partially diluted
basis. Immediately following the open-market purchases and the full exercise of the Warrants, the
Quaternary Group beneficially owns 2,650,301 common shares and no Warrants or other convertible
securities of the Company, representing approximately 11.24% of the issued and outstanding common
shares of the Company on both a non-diluted and partially diluted basis.
The Quaternary Group has reported that the securities are held for investment purposes. Depending on
market and other conditions, or as future circumstances may dictate, the Quaternary Group may, from
time to time, acquire additional securities of the Company, dispose of some or all of its existing or
additional securities, or continue to hold the securities currently held. The Quaternary Group currently has
no other plans or intentions of the type contemplated by Item 5 of Form 62-103F1.
Early Warning Disclosure
This news release is being issued in part to satisfy the requirements of National Instrument 62-103 -
The
Early Warning System and Related Take-Over Bid and Insider Reporting Issues
("NI 62-103"). Mr.
Jennings, through the Quaternary Group, filed an early warning report (the "Early Warning Report") in
respect of the exercise of Warrants. A copy of the Early Warning Report will be filed on the Company's
profile on SEDAR+ at
www.sedarplus.ca
and may also be obtained by contacting the Quaternary Group
at the address noted below.
The head office of Visionary is located at 1100 - 1199 West Hastings Street, Vancouver, British
Columbia, V6E 3T5. The Quaternary Group is a British Virgin Islands company with an address c/o 26
Queen Astrid Park, Singapore 266831.
About The Quaternary Group Limited
The Quaternary Group Limited is a family office controlled by Mr. Ross Jennings. The Quaternary Group
invests with a long-term, strategic perspective in resource and critical-minerals companies positioned to
play a meaningful role in the global energy transition. The Quaternary Group is also a significant
shareholder of other publicly listed Canadian resource issuers.
Investor Relations Engagement
The Company also announces that it has increased its budget for market services with Milestone Capital
Partners ("MCP") from $50,000 to $200,000.
Accordingly, the Company and MCP have entered into an
amended and restated consulting services agreement for marketing services including editorial and
newsletter marketing and investor introductions for a period of up to twelve months.
In consideration of
the services, the Company will pay an additional one time fee of $150,000 on acceptance of the TSX
Venture Exchange.
Either party may terminate this agreement with 14 days' written notice.
MCP is an entity controlled by Christian Klingebiel.
MCP and Mr. Klingebiel are arm's length to the
Company.
Except for the stock options previously granted to MCP, neither MCP nor Mr. Klingebiel have
a direct interest in the Company or its securities or any right or intent to acquire such an interest at this
time.
There are no performance factors contained in the agreement.
The Company also announces that it has increased its budget for marketing services with Delray Capital
Markets Group ("Delray") from $50,000 to $150,000.
Accordingly, the Company and Delray have
entered into an amended and restated consulting services agreement for investor outreach, market
awareness initiatives, strategic capital marketing advisory services for a period of up to twelve months.
In consideration of the services, the Company will pay an additional one-time fee of $100,000 on
acceptance of the TSX Venture Exchange.
The Company may terminate the agreement at any time.
Delray is an entity controlled by Rodney Raanan.
Delray and Mr. Raanan are arm's length to the
Company.
Except for the stock options previously granted to Delray, neither Delray nor Mr. Raanan have
a direct interest in the Company or its securities or any right or intent to acquire such an interest at this
time.
There are no performance factors contained in the agreement.
The Company also announces it has entered into an agreement with Market One Media Group Inc
.
(
"
Market One") for a 12-month marketing campaign at a cost of CAD $150,000. The engagement
includes the production and distribution of corporate videos and editorial articles. Market One, which
operates out of Vancouver and Toronto, offers multi-platform media solutions for the capital markets,
distributing content through broadcast, digital, and social media channels, including BNN Bloomberg.
Market One and the Company are not related parties.
The Company will not issue any securities to Market One as compensation for its services. To the
Company's knowledge, as of the date hereof, Market One (including its directors and officers) does not
own any securities of the Company and is arm's length to the Company.
The Company also announces it has entered into an agreement with Euroswiss Capital Partners Inc
.
(
"
Euroswiss") for a 7-month marketing campaign at a cost of CAD $60,000. The engagement includes
the development of communication plans aimed at increasing investor awareness of the Company.
Euroswiss is a reputable capital markets advisory firm headquartered in Lucerne, Switzerland and offers
a unique investor and public relations program tailored to the specific requirements of small- and micro-
cap companies. The Company and Euroswiss are not related parties.
The Company will not issue any securities to Euroswiss as compensation for its services. To the
Company's knowledge, as of the date hereof, Euroswiss (including its directors and officers) does not
own any securities of the Company and is arm's length to the Company.
The above noted investor relations agreements are subject to acceptance of the TSX Venture
Exchange.
About Visionary Copper and Gold Mines Inc.
Visionary Copper and Gold Mines Inc.
(TSXV: VCG) (OTCQB: VCGMF)
is advancing its portfolio of
base and precious metals rich deposits located in established Canadian mining jurisdictions. The
focus of the portfolio is highlighted by the 100% owned Pt. Leamington Deposit in Newfoundland,
located in one of the richest VMS and Gold Districts in Canada. The Company prepared a pit
constrained Indicated Mineral Resource of 5.0 Mt grading 2.5 g/t AuEq for 402 koz AuEq (145.7 koz
gold, 60.0 Mlb copper, 153.5 Mlb zinc, 2.0 Moz silver, 1.5 Mlb lead), a pit constrained Inferred Mineral
Resource of 13.7 Mt grading 2.24 g/t AuEq for 986.5 koz AuEq (354.8 koz gold, 110.2 Mlb copper,
527.3 Mlb zinc, 6.2 Moz silver, 7.0 Mlb lead) and an out-of-pit Inferred Mineral Resource of 1.7 Mt
grading 3.06 g/t AuEq for 168.5 koz AuEq (65.4 koz gold, 13.3 Mlb copper, 102.9 Mlb zinc, 1.4 Moz
Ag, 2.6 Mlb lead) (see news release dated October 25, 2021). Additionally the Company is permitting
the Rainbow deposit at its rich VMS Pine Bay Project located near existing infrastructure in the Flin
Flon Mining District. The Company prepared an indicated mineral resource on the Rainbow deposit of
3.44 Mt grading 3.59% CuEq for 272.4 Mlb CuEq (238.3 Mlb Cu, 56.9 Mlb Zn, 37.6 koz Au, 692.8 koz
Ag, 2.3 Mlb Pb), an inferred mineral resource on the Rainbow deposit of 1.28 Mt grading 2.95% CuEq
containing 83.4 Mlb CuEq (72.1 Mlb Cu, 19.5 Mlb Zn, 11.1 koz Au, 222.2 Koz Ag, 0.8 Mlb Pb) and an
inferred mineral resource at the Pine Bay deposit of 1.0 Mt grading 2.62% Cu containing 58.1 Mlb Cu
(see news release dated July 10, 2023). Additionally, the portfolio includes the Nash Creek Project
located in the VMS rich Bathurst Mining District of New Brunswick. A 2018 PEA generates a strong
economic return with a pre-tax IRR of 34.1% (25.2% post-tax) and NPV8% of $230 million ($128
million post-tax) at $1.25 Zinc (see news release dated May 14, 2018).
For additional information, please contact:
Visionary Copper and Gold Mines Inc.
Max Porterfield, President and Chief Executive Officer
Phone:
(604) 605-0885
E-mail:
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.
Some statements in this news release contain forward-looking information. These statements include,
but are not limited to, statements with respect to future expenditures. These statements address future
events and conditions and, as such, involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by the statements. Such factors
include, among others, the ability to complete the proposed drill program and the timing and amount
of expenditures. Except as required under applicable securities laws, Visionary does not assume the
obligation to update any forward-looking statement
.
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https://www.newsfilecorp.com/release/299587