Vatic Ventures Closes First Tranche of Private Placement Financing, Settles Debt FOR Shares
VATIC VENTURES CORP.
VATIC VENTURES CORP.
1400-1040 WEST GEORGIA STREET
VANCOUVER, BC V6E 4H1, CANADA
E-MAIL: [email protected]
TEL: 604-757-9792
VATIC VENTURES CLOSES FIRST TRANCHE OF
PRIVATE PLACEMENT FINANCING, SETTLES DEBT FOR SHARES
VANCOUVER, BC, SEPTEMBER 5, 2024 - Vatic Ventures Corp. (the “Company” or “Vatic”)
(TSXV: VCV; FRA: V8V; OTC Pink: VCVVF) is pleased to announce that is has received conditional
approval from the TSX Venture Exchange (the “Exchange”) of its non-brokered $0.05 unit (the “Units”)
private placement financing (the “Financing”) for aggregate gross proceeds of up to $750,000. Each Unit
is comprised of one (1) common share of the Company and one common share purchase warrant (the
“Warrants”), each Warrant being exercisable for an additional common share of the Company at $0.075 for
24 months from the date of issue. The Company has closed the first tranche of the Financing for aggregate
gross proceeds of $1 73,705 and has issued 3,474,100 common share s and 3,474,100 common share
purchase warrants to various subscribers.
In connection with the Financing the Company has paid finders fees in accordance with the policies of the
Exchange as follows: $8,286 cash and 165,720 broker warrants being exercisable for an additional common
share of the Company at $0.075 for 24 months from the date of issue. Proceeds of the Financing will be
used for general working capital. All securities issued pursuant to the Financing are subject to a 4 month
plus 1 day hold period.
The Company also announces that it has received approval from the Exchange to settle $16,839 in debt
(“Debt Settlement”) by issuing 240,557 $0.07 shares (the “Debt Shares”) of the Company to an arms-length
creditor. The Debt Shares issued pursuant to the Debt Settlement are subject to a 4 month plus 1 day hold
period.
ABOUT VATIC VENTURES CORP.
Vatic is a mineral exploration and development company focused on developing high- value properties.
Vatic has an option to acquire a 100% interest in the Solonópole South Lithium Property in Brazil and has
an option to acquire an 80% interest in the Opuwo Copper Property in Namibia.
ON BEHALF OF THE BOARD OF DIRECTORS OF VATIC VENTURES CORP.
“Loren Currie”
Loren Currie
CEO & Director
604-757-9792
Website: www.vaticventures.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.”
The information contained herein contains “forward-looking statements” within the meaning of applicable
securities legislation. Forward -looking statements relate to information that is based on assumptions of
management, forecasts of future results, and estimates of amounts not yet determinable. Any statements
that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events
or performance are not statements of historical fact and may be “forward-looking statements.” Forward-
looking statements are subject to a variety of risks and uncertainties that could cause actual events or
results to differ from those reflected in the forward -looking statements. Investors are cautioned against
attributing undue certainty to forward-looking statements. These forward-looking statements are made as
of the date hereof and the Company does not assume any obligation to update or revise them to reflect new
events or circumstances. Actual events or results could differ materially from the Company's expectations
or projections.