Volcanic Gold closes upsized private placement, raising $1.66 million
July 17, 2025
Volcanic Gold closes upsized private placement, raising $1.66 million
Vancouver, British Columbia – Volcanic Gold Mines Inc. (TSXV: VG) (“Volcanic” or “the Company” ) is
pleased to report that its previously announced non-brokered private placement financing has closed,
raising gross proceeds of $1,664,200. The Company has issued 13,868,332 units at $0.12 per unit. Each
unit consists of one common share of the Company and one warrant which entitles the holder to purchase
one additional common share at a price of $0.16 for two years following the closing. The warrants have
an exercise acceleration clause such that following the statutory hold period, if the closing price of the
Company’s shares exceeds $0.25 for any 10 consecutive trading days, the Company will have the right to
accelerate the expiry date to 30 calendar days.
The proceeds of the private placement are intended to be used to fund the resumption of exploration
activities on the Holly Property located in Guatemala, and for general working capital.
The Company has paid finder’s fees for a portion of the financing consisting of $23,712 in cash payments
and 197,599 warrants which have the same terms as the unit warrants. Securities issued in the placement
are subject to a resale restriction until November 16, 2025. The private placement is subject to final
approval by the TSX Venture Exchange.
About Volcanic
Volcanic brings together an experienced and successful mining, exploration and capital markets team
focused on building multi -million-ounce gold and silver resources in underexplored countries. Through
the strategic acquisition of mineral properties with demonstrated potential for hosting gold and silver
resources, and by undertaking effective exploration and drill programs, Volcanic intends to become a
leading gold-silver company.
For further information, visit our website at www.volgold.com.
Volcanic Gold Mines Inc.
Simon Ridgway, President and 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.
1111 Melville Street, Suite 1000
Vancouver, BC V6E 3V6, Canada
www.volgold.com
T 604.801.5432
F 604.662.8829
TF 1.888.627.9378
TSX.V: VG
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Forward-looking statements
Certain statements contained in this news release constitute forward -looking statements within the meaning of
Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-
looking statements and inc lude, without limitation, statements about the Company’s private placement financing,
and its plans for its property interests in Guatemala. Often, but not always, these forward -looking statements can
be identified by the use of words such as “estimate”, “ estimates”, “estimated”, “potential”, “open”, “future”,
“assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”,
“reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur
or be achieved and similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially different from any results,
performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors
include, among others, whether the Company’s plan s for its property interests in Guatemala will proceed as
intended; the uncertainties inherent in the mineral resource estimates; changes in general economic conditions and
financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration
and development goals; risks associated with the results of exploration and development activiti es, estimation of
mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and
such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators
and available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Although the Company has attempted
to identify important factors that could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause actions, events or results t o differ
from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of
management, including but not limited to: that the Company’s stated goals and planned exploration and
development activities will be achieved; that there will be no material adverse change affecting the Company or its
properties; and such other assumptions as set out herein. Forward -looking statem ents are made as of the date
hereof and the Company disclaims any obligation to update any forward -looking statements, whether as a result of
new information, future events or results or otherwise, except as required by law. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, investors should not place undue reliance on forward -looking
statements.