ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwired) -- 05/22/13 -- Vulcan Minerals Inc. ("the Company" - "Vulcan") (TSX VENTURE: VUL) announces that it proposes to carry out a $250,000 non-brokered private placement (the "Offering") in Red Moon Potash Inc. ("Red Moon") for 2,500,000 units (the "Units"). The Units will cost $0.10 and will consist of one common share and one-half of a common share purchase warrant (the "Warrants"), with each full warrant exercisable at a price of $0.25 per common share for a period of two years following the closing date of the offering. The proceeds of the offering will be used to fund mineral exploration activities in western Newfoundland and general working capital. The shares issued will have a four month hold period as per applicable securities law. Vulcan currently owns 57.75% of the outstanding common shares of Red Moon and will own, assuming the financing closes, 60.53% of the issued common shares or 61.78% if the warrants are exercised (without further dilution). The financing is subject to TSX Venture Exchange approval.
This release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors beyond the Company's control may affect the actual results achieved. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except by law, the Company undertakes no obligation to publicly update or revise forward-looking information.
Shares Issued: 58,526,129
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
