Vatic Files FOR Approval of Flow-Through Financing
VATIC VENTURES CORP.
VATIC VENTURES CORP.
1400-1040 WEST GEORGIA STREET
VANCOUVER, BC V6E 4H1, CANADA
EMAIL: [email protected]
TEL: 604-307-8745
VATIC FILES FOR APPROVAL OF FLOW-THROUGH FINANCING
Vancouver, B.C., December 8, 2022 – Vatic Ventures Corp. (the "Company" or "Vatic")
(TSXV: VCV; FRA: V8V) announces that it has filed documents with the TSX Venture Exchange
(the “Exchange”) seeking approval to close its $0.23 flow-through unit private placement
financing (the “Financing”) for aggregate gross proceeds of $568,000. On receipt of Exchange
approval, the Company will issue 2,600,000 $0.23 flow-through units (“FT Units”), each FT
Unit being comprised of 1 flow-through common share of the Company and one half of a
common share purchase warrant (the “Warrants”), each full Warrant being exercisable for an
additional non flow-through common share of the Company at $0.40 for 24 months. Cash
finders fees and broker warrants may be issued in accordance with Exchange policy.
All securities issued pursuant to the Financing will be subject to a 4 month hold period. The
issuance of the Units are subject to the receipt of all regulatory approvals.
The Company will use an amount equal to the gross proceeds received by the Company from
the sale of the FT Units, pursuant to the provisions in the Income Tax Act (Canada), to incur
eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures”
as both terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures”) on
or before December 31, 2023, and to renounce all of the Qualifying Expenditures in favour of
the subscribers of the FT Units effective December 31, 2022.
ABOUT VATIC VENTURES CORP.
Vatic has an option to acquire a 100% interest in a gold exploration property known as the
Hansen prospect located in the Chibougamau area of northern Quebec, which consists of 20
contiguous mining claims representing a total area of 1,113.98 hectares is approximately 15
kilometers southeast of the Chapais-Opemiska Mine Complex (Springer, Perry and Cooke
Copper-Gold mines).
ON BEHALF OF THE BOARD OF DIRECTORS OF VATIC VENTURES CORP.
“Loren Currie”
Loren Currie
CEO & Director
604-307-8745
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.