Vulcan Minerals Inc. – Arranges Financing
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
News Release
December 12, 2018
Vulcan Minerals Inc. – Arranges Financing
St. John’s, Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-V: VUL),
announces that it proposes to carry out a non -brokered private placement (the “Offering”) for proceeds
of up to $150,000.00. Under the terms of the Offering, the Company intends to place 1,960,000 units (the
“Units”) and 866,667 flow- through units (the “FT units”). The Units will be offered at a price of $0.05 and
will consist of one common share and one -half of a common share purchase warrant with each full
warrant exercisable at a price of $0.12 per common share for a period of two years following the close of
the offering. The FT units will be offered at $0.06 and will consist of one common share and one half of a
common share purchase warrant with each full warrant exercisable at a price of $0.12 per common share
for a period of two years following closing.
The proceeds of the offering will be used for working capital and to fund exploration activities in
Newfoundland. The shares issued will have a four month hold period as per applicable securities law. The
financing is subject to TSX Venture Exchange approval. There will be no finder’s fees or commissions
payable. It is anticipated that the FT units portion of the financing will close as a first tranche prior to
yearend. The other Units will close in a second tranche in January.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release. This release may contain certain forward -looking statements. Actual events or
results may differ from the Company’s expectations. Certain risk factors beyond the Company’s control
may affect the actual results achieved. Accordingly, readers are advised not to place undue reliance on
forward-looking information. Except by law, the Company undert akes no obligation to publicly update or
revise forward-looking information.
For information please contact:
Patrick J. Laracy, President
(709) 754-3186
www.vulcanminerals.ca