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| Home : Volcanic Completes $5.0 Million Financing |
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Mar 11
2017 |
Volcanic Completes $5.0 Million Financing |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 10, 2017) - Volcanic Gold Mines Inc. (the "Company") (TSX VENTURE:VG) is pleased to report that it has closed its previously announced non-brokered private placement financing by issuing 12.5 million units at $0.40 per unit, for proceeds of $5.0 million. Each unit consists of one common share and one full warrant, each warrant entitling the holder to purchase one additional common share of the Company at $0.80 for five years from closing. The warrants are subject to an acceleration provision such that if the closing price of the Company's shares for 10 consecutive trading days is $1.00 or greater, the Company may give notice to the holders of the warrants that the warrants will expire 30 calendar days after receipt of such notice. |
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| Source:http://www.marketwired.com/mw/release.do?id=2202190&sourceType=3 |
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