Vatic Ventures Corp. Announces $1.2 million Private Placement Financing
VATIC VENTURES CORP.
VATIC VENTURES CORP.
1500-1040 WEST GEORGIA STREET
VANCOUVER, BC V6E 4H1
CANADA
PHONE: (778) 373-6972
FAX: (604) 689-1288
EMAIL: [email protected]
Vatic Ventures Corp. Announces $1.2 million Private Placement Financing
Vancouver, BC, April 19, 2018 - Vatic Ventures Corp. (the "Company" or "Vatic") (TSXV VCV and
Frankfurt: V8V) announces that, subject to regulatory approvals, it will conduct a non-brokered private
placement of up to 18,461,538 units (“Units”) at a price of six and a half cents per Unit ($0.065) to raise
proceeds of up to $1.2 million. Each Unit will consist of one common share and one common share
purchase warrant (“Unit Warrant”) with each Unit Warrant entitling the holder to acquire one additional
common share at a price of $0.13 per share for 24 months from closing. The funds fro m the financing will
be used to conduct further development on its potash licenses in Thailand held by its subsidiary Saksrithai
Development Co. and for working capital purposes. Finder’s fees on the financing may be paid in
accordance with TSX Venture Exchange policies. The pricing for the financing is to take effect prior to the
previously announced 3:1 share consolidation (see news release dated April 13, 2018) and all securities to be
issued under this private placement will be subject to a four-month resale restriction. Finder’s fees on the
financing may be payable in accordance with regulatory policies.
About Saksrithai Development Co. Ltd: Saksrithai Development Co. Ltd. (Saksrithai) is a private Thai
company which is the holder of two contiguous Special Prospecting Licences (SPLs) for potash exploration,
issued in 2015.
The licenses encompass an area of 32 km 2 in Nakhon Ratchasima province, northeast Thailand and are
adjacent to the Thai Kali Company’s Dan Khun Thot potash mine which is currently under construction.
Asean Potash Chaiyaphum Plc’s Bamnet Narong mine, also under construction, is located some 40 km from
the Saksrithai project.
The Company holds an 80% shareholding in Saksrithai and Dr. Gerry Wright acts as Saksrithai's Managing
Director.
ON BEHALF OF THE BOARD OF DIRECTORS.
Nasim Tyab, Director.
ABOUT VATIC VENTURES CORP.
Vatic Ventures Corp (www.vaticventures.com) is a junior exploration company exploring and developing
potash licenses in Thailand.
"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.