Vulcan Minerals Inc. – Closes 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
February 06, 2019
Vulcan Minerals Inc. – Closes Financing
St. John’s, Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” -
“Vulcan” TSX-V: VUL), announces that it has closed the second tranche of its non-brokered private
placement announced on December 12 , 2018 for total proceeds of $149,998. Under the terms of the
offering, the company pla ced 1,960,000 units (second tranche) and 866 ,636 flow -through units (first
tranche). The units were placed at a price of $0.05 and 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. The flow-through units were placed at $0.06 and 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.
The proceeds of the offering will be used for working capital and to finance exploration activities in
Newfoundland. The securities issued have a four-month hold period as per applicable securities law. There
are no finders’ fees or commissions payable. The financing is subject to final TSX Venture Exchange
approval.
Insiders of the Company have subscribed for 866,636 flow-through units and 860,000 units. The insider
participation is exempt from the valuation and minority shareholder approval requirements of
Multilateral Instrument 61-101 by virtue of the exemptions contained in sections 5.5(a) an d 5.7(1) (a) in
that the fair market value of the consideration for the securities of the company issued to the insiders
does not exceed 25 per cent of the company’s market capitalization.
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
The TSX Venture Exchange has not reviewed and does not accept res ponsibility 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 act ual results achieved. Accordingly, readers are advised not to place undue reliance on
forward-looking information. Except by law, the Company undertakes no obligation to publicly update or
revise forward-looking information.
For information please contact:
Patrick J. Laracy, President
(709) 754-3186
www.vulcanminerals.ca