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Vanadiumcorp Resource Inc V.VRB

Alternate Symbol(s):  VRBFF

VanadiumCorp Resource Inc. is a Canada-based critical metals company. The Company is engaged in the acquisition and exploration of mineral properties in Canada, with a primary focus on the exploration of the Lac Dore and Iron-T Properties in Quebec. The Company produces a stream of quality vanadium electrolytes for Vanadium Redox Flow Batteries (VRFB). The Iron-T Property is located in the Nord-du-Quebec administrative region in the Province of Quebec, approximately 15 kilometers (km) east of Matagami and 780 km northwest of Montreal. The Lac Dore Property is located approximately 27 km east-southeast from the City of Chibougamau, in Eeyou Istchee James Bay Territory, Nord-du-Quebec administrative region, Province of Quebec, Canada. The Lac Dore Project comprises two claim blocks, referred to as Lac Dore Main and Lac Dore North. The Lac Dore Main claims cover an area of 648.82 hectares (Ha), and the Lac Dore North claims cover an area of 4,637.87 Ha.


TSXV:VRB - Post by User

Bullboard Posts
Post by dks5150on Aug 22, 2014 10:25am
197 Views
Post# 22868693

whats this mean???

whats this mean???

 

Vanadiumcorp investor Munday buys 9.9 million shares

2014-08-21 14:40 ET - News Release

 

Mr. Maxwell Munday reports

On Aug. 19, 2014, Maxwell A. Munday acquired ownership or control or direction of 9.9 million common shares of Vanadiumcorp Resource Inc., paid for in cash via a private placement agreement with Vanadiumcorp and via a private agreement with a third party.

Mr. Munday now owns or controls or directs a total of 21.1 million common shares, representing approximately 11.84 per cent of the 178,137,459 postfinancing issued and outstanding shares of Vanadiumcorp.

Mr. Munday now owns or controls or directs a total of 16.1 million warrants. If these warrants were exercised, Mr. Munday would own or direct or control a total of 37.2 million common shares, representing approximately 19.15 per cent (calculated on a partially diluted basis) of the 194,237,459 then issued and outstanding common shares of Vanadiumcorp. The securities were acquired for investment purposes. Depending on market and other conditions, Mr. Munday may from time to time in the future increase or decrease his ownership, control or direction over the common shares or other securities of Vanadiumcorp, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise. Mr. Munday is an accredited investor as defined in National Instrument 45-106.

This news release is being issued as required by National Instrument 62-103 in connection with the filing of the early warning report dated Aug. 21, 2014. The early warning report respecting this acquisition has been filed on SEDAR.

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