Vertical Announces Financing Price Increase and Extension
Suite 1240- 789 West Pender St.
Vancouver, British Columbia V6C 1H2
VERTICAL ANNOUNCES FINANCING PRICE INCREASE AND EXTENSION
May 26th, 2020, VANCOUVER, B.C. – VERTICAL EXPLORATION INC. (TSX-V: VERT) (“Vertical” or “the
Company”) announces that it is increasing the price of the previously announced private placement (see
Press Releases dated January 24, 2020 , March 4, 2020 and April 13, 2020 ) from $0.025 to $0.035 per
unit. The Financing is being extended to June 26th, 2020.
The non-brokered private placement at the revised price will consist of up to 19 million units ("Units")
at a price of $0.0 35 per Unit for aggregate gross proceeds of $665,000.00 (the "Offering"). Each Unit
will be comprised of one common share of the Company ("Share") and one transferable share purchase
warrant of the Company (“Warrant"). Each Warrant will entitle the Subscriber to purchase one Warrant
Share for a 24 -month period after the Closing Date at an exercise price of $0.0 5 per share. Proceeds
raised from the Offering will be used to advance the Company’s St. Onge project in Quebec, for general
working capital and unallocated funds as per Tier 2 status requirements.
Finders' fees may be p ayable on the private placement, subject to the policies of the TSX Venture
Exchange.
This offering is subject to TSX Venture Exchange acceptance.
ABOUT VERTICAL EXPLORATION
Vertical Exploration’s mission is to identify, acquire, and advance high potential mining prospects
located in North America for the benefit of its stakeholders. The Company’s flagship St-Onge
Wollastonite property is located in the Lac-Saint-Jean area in the Province of Quebec.
ON BEHALF OF THE BOARD
Peter P. Swistak, President
FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1-604-785-5513
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the polic ies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.