Warrant is exercisable into a common share (a “Warrant Share”) of Vatic at a price of $0.10 for a period of 36 months following the closing date, subject to the following acceleration provision: if the closing trading price for the common shares is at or above a price of $0.25 for ten (10) consecuti
VATICVENTURES.COM VATIC VENTURES CORP.
VATIC VENTURES CORP. 318-1008 HOMER STREET VANCOUVER, BC V6B 2X1 CANADA
NOT FOR DISTRIBUTION IN THE UNITED STATES
Vancouver, BC, January, 20, 2014 – Vatic Ventures Corp (TSX‐V: VCV and Frankfurt: V8V) (“Vatic”) announced that it has arranged an offering (the “Offering”) of its securities. Pursuant to the Offering, Vatic proposes to sell up to 10,000,000 units (the “Units”) at a price of $0.06 per Unit. Each Unit is comprised of one common share (a “Share”) and one purchase warrant (a “Warrant”). Each whole Warrant is exercisable into a common share (a “Warrant Share”) of Vatic at a price of $0.10 for a period of 36 months following the closing date, subject to the following acceleration provision: if the closing trading price for the common shares is at or above a price of $0.25 for ten (10) consecutive trading days, Vatic has the option to accelerate the expiry date and if it so chooses, the Company may issue a press release that it intends to accelerate the expiry date of the Warrants to a date that is the later of 30 days from either the date of the press release or the date that all hold periods attaching to the shares comprising the Units expires (the “Accelerated Expiry Date”). The share purchase warrants shall expire on the earlier of the last day of the three (3) year exercise term or the Accelerated Expiry Date. Vatic intends to use the proceeds from the Offering to acquire assets and for working capital purposes. Finder’s fees may be payable in shares, warrants or cash or any combination thereof in connection with the Offering. The proposed private placement is subject to regulatory approval.
ON BEHALF OF THE BOARD OF DIRECTORS
"Nasim Tyab"
Nasim Tyab
President
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.