Vulcan Minerals Inc.: Private Placement
(firmenpresse) - ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwire) -- 12/20/11 -- Vulcan Minerals Inc. ("the Company") (TSX VENTURE: VUL) announces that it proposes to carry out a non-brokered private placement (the "Offering") for proceeds of up to $70,000. Under the terms of the Offering, the Company expects to place 350,000 flow-through share units (the "Units"). The Units will be offered at a price of $0.20 and will consist of one flow-through share and one-half of a common share purchase warrant (the "Warrants"), with each full warrant exercisable at a price of $0.30 per common share for a period of two years following the close of the offering. The proceeds of the offering will be used to fund exploration activities in western 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. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.
Shares issued: 57,176,129
The TSX Venture Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Vulcan Minerals Inc.
Patrick J. Laracy, President
Gerri A. MacNeil, Business Manager, Investor Relations
709-754-3186
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Unternehmensinformation / Kurzprofil:
Datum: 20.12.2011 - 20:07 Uhr
Sprache: Deutsch
News-ID 98905
Anzahl Zeichen: 0
contact information:
Town:
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR
Kategorie:
Mining & Metals
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