January 13, 2025 (Source) — Vatic Ventures Corp. (the “Company” or “Vatic”) (TSXV: VCV; FRA: V8V; OTC Pink: VCVVF) announces that, further to its August 20, 2024 news release, it has closed its $0.05 Unit non-brokered private placement financing (the “Financing”) for aggregate gross proceeds of $173,705.
The Company has issued 3,474,100 Units, with each Unit being comprised of one (1) common share of the Company and one common share purchase warrant (the “Warrants”), each Warrant being exercisable for an additional common share of the Company at $0.075 for 24 months from the date of issue.
In connection with the Financing the Company has paid cash finders fees totalling $8,286 and issued 165,720 non-transferable broker warrants exercisable at $0.075 for 2 years.
All securities issued pursuant to the Financing are subject to a 4 month plus 1 day hold period.
ABOUT VATIC VENTURES CORP.
Vatic is a mineral exploration and development company focused on developing high-value properties. Vatic has an option to acquire a 100% interest in the Solonópole South Lithium Property in Brazil and has an option to acquire an 80% interest in the Opuwo Copper Property in Namibia.
ON BEHALF OF THE BOARD OF DIRECTORS OF VATIC VENTURES CORP.
“Loren Currie”
Loren Currie
CEO & Director
[email protected]
604-757-9792
Website: www.vaticventures.com
“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.” The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.” Forwardlooking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company’s expectations or projections.
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