RE:RE:nice buying opportunityI did not invent that , it was in the press release a month ago, just look at sedar:
VANADIUMCORP ANNOUNCES FINANCING AND SHARE CONSOLIDATION VANCOUVER, BRITISH COLUMBIA, March 24th, 2022 - VanadiumCorp Resource Inc. (TSX VENTURE: "VRB") (OTCBB:"APAFF") (FRANKFURT:"NWN") (the "Company") plans to arrange a debenture financing to raise up to a maximum of $2 million (the “Debt Financing”). Under the terms of the Debt Financing, the debentures will mature two (2) years from the date of closing (the "Maturity Date") and will bear interest at 10% per annum and will be repayable by the Company on the Maturity Date. As compensation to the lenders for the risk of repayment, the Company will issue non-transferable common share purchase warrants (the "Bonus Warrants") exercisable to purchase common shares of the Company equal to 100% of the principal amount of the debentures divided by $0.05 per share, or up to 40,000,000 common shares, or 4,000,000 after the consolidation outlined below, if the Debt Financing is fully subscribed (the "Warrant Shares"). The Bonus Warrants will be exercisable at an exercise price of $0.05 per Warrant Share, or $0.50 after the consolidation outlined below, for a period of two years following closing. The proceeds of the Debt Financing will be used to fund to fund the first stage of new metallurgical testing and production methods for vanadium electrolyte and for general working capital. The terms of the Debt Financing are subject to the acceptance of the TSX Venture Exchange (the “Exchange”).