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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