Vatic Ventures Corp. Announces $750,000 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 $750,000 Private Placement Financing
Vancouver, BC, December 18, 2018 - Vatic Ventures Corp. (the "Company" or "Vatic") (TSXV
VCV; OTCBB: VTTCF; FWB: V8V3) announces that, subject to regulatory approvals, it will
conduct a non-brokered private placement of up to 10,000,000 units (“Units”) at a price of seven
and a half cents per Unit ($0.075) to raise proceeds of up to $750,000. Each Unit will consist of one
common share and one half of a common share purchase warrant (“Unit Warrant”) with each full
Unit Warrant entitling the holder to acquire one additional common share at a price of $0.10 per
share for 24 months from closing. The funds from the financing will be used for general corporate
purposes. Finder’s fees on the financing may be paid in accordance with TSX Venture Exchange
policies.
ABOUT VATIC VENTURES CORP.
Vatic is reviewing various potential opportunities in the cannabis sector. Management is of the view
that although there is an excessive amount of participation and competition in certain areas of the
cannabis industry there continues to be tremendous potential to develop business models which
embrace unique and profitable approaches to the sector.
ON BEHALF OF THE BOARD OF DIRECTORS.
T. Barry Coughlan, CEO
"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 manageme nt, 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.