Vulcan Minerals Inc. – Private Placement and Early Warning Report
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 19, 2018
Vulcan Minerals Inc. – Private Placement and Early Warning Report
St. John’s, Newfoundland and Labrador - Vulcan Minerals Inc. (“the Company” - “Vulcan” TSX-V: VUL),
The Company reports that the first tranche of the private placement announced on December 12 , 2018
has closed for $52,000.00 by way of flow -through units, the remainder of the placement will close in
January 2019 subject to TSX-V final approval.
The Company also reports that Patrick J. Laracy, C.E.O and President of the Company, has acquired
ownership of 416,666 common shares of the C ompany by way of the private placement transaction on
December 14, 2018.
The acquisition amounts to 0.7% of the 58,526,129 outstanding common shares of the Company prior to
the placement. As a result, Mr. Laracy now owns directly 8,914,266 common shares which represent 15%
of the 59,392,795 issued and ou tstanding common shares of the C ompany post the closing of the first
tranche of the private placement . Further, Mr. Laracy now owns and controls directly and indirectly
9,550,250 common shares of the C ompany representing 16% of the issued and outstandi ng common
shares of the Company.
Mr. Lara cy made the acquisition for investment purposes and may make further acquisitions or
depositions in the future.
This news release is issued pursuant to National Instrument 62-103.
The TSX Venture Exchange has not reviewed and does not accept responsib ility 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 undertakes no obligation to publicly update or
revise forward-looking information.
333 Duckworth Street, St. John's, NL, A1C 1G9
Telephone: (709) 754-3186 Fax: (709) 754-3946, Email: [email protected] Website: www.vulcanminerals.ca
For information please contact:
Patrick J. Laracy, President
(709) 754-3186
www.vulcanminerals.ca