Vatic Ventures Corp. Closes 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. Closes Financing
Vancouver, BC, November 16, 2017 - Vatic Ventures Corp. (the "Company" or "Vatic") (NEX VCV.H and
Frankfurt: V8V) Further to the August 31, 2017 release the Company announces that, subject to final
acceptance by the NEX Board of the TSX Venture Exchange, it has closed its non-brokered private
placement financing with gross proceeds of $497,628.30, consisting of 9,952,566 units (“Units”) at a
price of $0.05 per Unit. Each Unit includes one (1) full Common Share Purchase Warrant exercisable at
$0.10 for 12 months from the date of issuance.
All securities issued in the placement are subject to a four-month hold period. The proceeds raised from
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.
$52,500 of the Financing is being distributed pursuant to BC Instrument 45-536 with the remainder to
be distributed under other exemptions.
Finder’s fees have been paid on the financing in accordance with regulatory policies.
The financing was effected with three insiders of the Company subscribing for 2,300,000 Units on
completion of the private placement, for aggregate subscription proceeds of $ 115,000 that portion of
the financing a “related party transaction” as such term is defined under Multilateral Instrument 61-101
– Protection of Minority Security Holders in Special Transactions (“MI 61-101″). The Company is relying
on exemptions from the formal valuation and minority approval requirements set out in MI 61- 101. The
Company is exempt from the formal valuation requirement of MI 61-101 under sections 5.5(a) and (b) of
MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves
the interested party, is not more than the 25% of the Company’s market capitalization, and no securities
of the Company are listed or quoted for trading on prescribed stock exchanges or stock markets.
Additionally, the Company is exempt from minority shareholder approval under sections 5.7(1)(a) and
(b) of MI 61-101 as, in addition to the foregoing, (i) neither the fair market value of the Units nor the
consideration received in respect thereof from interested party exceeds $2,500,000, (ii) the Company
has one or more independent directors who are not employees of the Company, and (iii) all of the
independent directors have approved the transaction. Material change reports were not filed 21 days
prior to the closing of the financing because insider participation had not been established at the time
the financing was announced.
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 km2 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.
Dr. Gerry Wright, CEO and 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.