Visionary Metals Announces Non-Brokered Private Placement of up to CAD $1,500,000
Visionary Metals Announces Non-Brokered Private Placement of up to CAD $1,500,000
Vancouver, British Columbia – Newsfile Corp. – August 17, 2023 – Visionary Metals Corp.
(TSXV:VIZ) (" Visionary" or the " Company") is pleased to announce a non-brokered private
placement of up to 18,750,000 units of the Company (each, a "Unit") at a price of CAD $0.08 per
Unit for gross proceeds of up to CAD $1,500,000 (the "Offering").
Each Unit will be comprised of one common share of the Company (each, a " Unit Share") and
one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant
will entitle the holder thereof to acquire one common share of the Company (each, a " Warrant
Share") at a price of CAD $0.12 for a period of three years from the closing date of the Offering.
The Company may pay finders fees in connection with the Offering.
The net proceeds from the Offering will be used to fund the Company's 2023 exploration program
and for general working capital purposes. The closing of the Offering is expected to occur on or
about September 18, 2023, and is subject to receipt of all necessary regulatory approvals, including
the approval of the TSX Venture Exchange (the "TSXV"). The Unit Shares, Warrants and Warrant
Shares will be subject to a hold period of four months and one day in accordance with applicable
securities laws.
This news release does not constitute an offer of securities for sale in the United States. The
securities being offered have not been, nor will they be, registered under the United States
Securities Act of 1933 , as amended, and such securities may not be offered or sold within the
United States absent U.S. registration or an applicable exemption from U.S. registration
requirements.
About Visionary Metals Corp:
Visionary Metals Corp. is a Vancouver-based mineral exploration company focused on making
new electric metals discoveries in Fremont County, Wyoming. Visionary's mission is to explore
responsibly and to develop resources in a manner that is beneficial to all stakeholders. While
central Wyoming has a strong mining history and favourable geologic conditions to host many
types of metal deposits, it has never been systematically explored using modern techniques. The
Company now controls a land package greater than 80 square kilometres with numerous drill ready
targets, all accessible by road and within a one-hour drive from Visionary's US headquarters in
Lander County, Wyoming.
For additional information, please visit:
www.visionarymetalscorp.com
Contact:
Wes Adams, Chief Executive Officer
Visionary Metals Corp.
410-325 Howe Street
Vancouver, BC V6C 1Z7
Tel: (303) 809-4668
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities
legislation. These include, without limitation, statements with respect to the receipt of regulatory approvals,
including the approval of the TSXV, closing of the Offering and the use of proceeds therefrom and
statements with respect to the 2023 exploration program. Forward-looking statements are necessarily based
on a number of estimates and assumptions that, while considered reasonable, are subject to known and
unknown risks, uncertainties and other factors which may cause actual results and future events to differ
materially from those expressed or implied by such forward-looking statements. Such factors include, but
are not limited to the TSXV may refuse to grant approval of the Offering; the Company may reallocate the
proceeds of the Offering for reasons that management believes are in the Company's best interests; the
Company may choose to defer, accelerate or abandon its exploration plans; general business, economic and
regulatory risks; capital and operating costs varying significantly from management estimates; delays in
obtaining or failures to obtain required governmental, environmental or other project approvals;
uncertainties relating to the availability and costs of financing needed in the future; inflation; fluctuations
in commodity prices; delays in the development of projects; and the other risks involved in the mineral
exploration and development industry generally. Although the Company believes that the assumptions and
factors used in preparing the forward-looking statements are reasonable, undue reliance should not be
placed on these statements, which only apply as of the date of this news release, and no assurance can be
given that such events will occur in the disclosed time frames or at all. Except where required by law, the
Company disclaims any intention or obligation to update or revise any forward-looking statement, whether
as a result of new information, future events, or otherwise.
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.
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