Vanadium One sells 4.54M shares to Marquest for $499K
Vanadium One sells 4.54M shares to Marquest for $499K
2018-01-04 16:14 ET - News Release
An anonymous director reports
MARQUEST 2017-I MINING SUPER FLOW-THROUGH LIMITED PARTNERSHIP - QUEBEC CLASS ACQUIRES COMMON SHARES OF VANADIUM ONE ENERGY CORP.
On Dec. 19, 2017, Marquest 2017-I Mining Super Flow-Through LP-Quebec Class, which is located at 161 Bay St., Suite 4420, Toronto, Ont., M5J 2S1, acquired an aggregate of 4,545,454 common shares in the capital of Vanadium One Energy Corp. pursuant to a non-brokered private placement financing by the issuer of 4,636,454 flow-through common shares of the issuer at the price of 11 cents per share. The issuer's head office is located at 1 Adelaide St. East, Suite 801, Toronto, Ont., M5C 2V9.
Prior to the transaction, the acquiror did not hold any common shares of the issuer.
On Dec. 19, 2017, the acquiror acquired direct ownership and control of the purchased shares pursuant to the transaction.
Immediately following the completion of the transaction, the acquiror had ownership and control of the purchased shares representing approximately 13.19 per cent of the then issued and outstanding common shares of the issuer on a non-diluted basis. The purchased shares were issued from treasury of the issuer at a price of 11 cents per share for the aggregate consideration of $499,999.94.
The purchased shares were acquired for investment purposes. The acquiror may, from time to time, take such actions in respect of their holdings in securities of the issuer, as they may deem appropriate, in light of the circumstances then existing, including the purchase of additional common shares or other securities of the issuer or the disposition of all or a portion of their securityholdings in the issuer, subject in each case to applicable securities laws and the terms of such securities.
Pursuant to National Instrument 62-103, the acquiror will file an early warning report in respect of the transaction with the applicable Canadian securities regulators, a copy of which will be available under the issuer's profile on SEDAR.
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