Vulcan Minerals Inc.

Published : April 18th, 2008

Announces $1,000,000 Financing

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Keywords :   Capital Markets |

Stock Symbol: TSX: VUL

Shares issued: 41,647,634


VULCAN MINERALS INC. � Announces $1,000,000 Financing


St. John's - Newfoundland - Vulcan Minerals Inc. ("the Company" TSX-V: VUL)
proposes to carry out a non-brokered private placement for proceeds of up to
$1,000,000 by issuance of units at a price of $0.60 per unit, each unit
consisting of one common share and one-half of a share purchase warrant.
Each whole share purchase warrant will entitle the owner to purchase one
common share of the company at $0.80 for a period of one year following the
closing date. The proceeds of the offering will be used primarily for
working capital with an allocation made towards an evaluation of the company
�s potash and salt resource in western Newfoundland. Securities issued by
way of the offering will be subject to a four month hold period. The
company has agreed to pay a finder�s fee to PowerOne Capital Markets Limited
which shall consist of a cash payment equal to 7% of the gross proceeds of
the offering and warrants equal in number to 7% of the units sold in the
offering to subscribers located by the finder. Each finder�s warrant shall
be exercisable into one common share at a price of $0.80 for a period of one
year after the closing date. The private placement is subject to approval
of the TSX Venture Exchange.

The company also announces that an �escrow closing� of its agreement with
Investcan Energy Corp. announced on February 28, 2008 has occurred. Final
closing is subject to approval by the Minister of Natural Resources of the
Province of Newfoundland and Labrador of the transfer of certain interests
in the petroleum permits located onshore in the Bay St. George basin,
western Newfoundland. The company has also received TSX Venture Exchange
approval of the acquisition of gross-overriding royalties announced on
February 28, 2008.

Vulcan is a diversified junior exploration company focussed on petroleum
exploration in the under-explored Western Newfoundland area and also holds
mineral interests in areas strategic to its operations in Newfoundland and
Labrador.


For information please contact Mr. Patrick Laracy, President of Vulcan
Minerals Inc. at
Phone: (709) 754-3186, Fax: (709) 754-3946 or Email:
info@vulcanminerals.ca, Website: www.vulcanminerals.ca


The TSX Venture Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

.

Vulcan Minerals Inc.

EXPLORATION STAGE
CODE : VUL.V
ISIN : CA9289451044
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Vulcan Min. is a gold exploration company based in Canada.

Vulcan Min. holds various exploration projects in Canada.

Its main exploration properties are KINGURUTIK, TL, FLAT BAY, BUFFALO HILLS, MEDICINE HAT, CARBONEAR and GOOSE SOUTH in Canada.

Vulcan Min. is listed in Canada and in United States of America. Its market capitalisation is CA$ 7.3 millions as of today (US$ 5.4 millions, € 4.8 millions).

Its stock quote reached its highest recent level on June 06, 2008 at CA$ 1.59, and its lowest recent point on November 08, 2019 at CA$ 0.02.

Vulcan Min. has 58 530 000 shares outstanding.

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Corporate Presentations of Vulcan Minerals Inc.
9/25/2012-Corporate Presentations
Financings of Vulcan Minerals Inc.
12/24/2008Closes Private Placement
12/19/2008 acquires further interest in Parson’s Pond Private Placemen...
Nominations of Vulcan Minerals Inc.
8/28/2008NWest Energy Appoints New Board Members
Project news of Vulcan Minerals Inc.
4/2/2013(Tasisuak Lake)Closes Acquisition of Tasisuak Lake Nickel/Copper/PGE Proper...
2/14/2013(Tasisuak Lake)Acquires Tasisuak Lake Nickel/Copper/PGE Property Interest
6/29/2011(Bay St. George Nl)Petroleum Exploration Update
2/17/2011(Bay St. George Nl)Exploration Update
2/17/2009(Flat Bay)Vulcan Minerals Inc. - Flat Bay Core Drilling Commences
2/17/2009(Tasisuak Lake)Continuation of evaluation of the Tasisuak Lake nickel/copp...
2/17/2009(Tasisuak Lake)Continuation of evaluation of the Tasisuak Lake nickel/copp...
5/21/2008(Tl)Labrador Nickel-Copper Airborne Geophysical Surveys Complete...
Corporate news of Vulcan Minerals Inc.
7/15/2016Vulcan Minerals Inc. – Acquires Lizard Pond Gold Property in...
5/12/2016Vulcan Minerals Announces that Red Moon Potash has released ...
5/12/2016Vulcan Minerals Inc. – Acquires Colchester Copper-Gold Proje...
1/14/2016Red Moon Releases Additional Salt Results
10/26/2015Red Moon Potash Initiates NI 43-101 Mineral Resource Assessm...
7/23/2014Red Moon Potash-Drilling Update
7/15/2014Vulcan's Board of Directors Adopts Advance Notice Policy
7/3/2014Red Moon Potash Inc.: Salt/ Potash Drilling Commences in Wes...
6/2/2014Red Moon Potash/Vulcan Minerals Inc. Close $500,000 Private ...
5/26/2014Red Moon Potash/Vulcan Minerals Inc. Agree to $500,000 Priva...
10/15/2013Athabasca Mineral Permits Issued to Vulcan Minerals Inc.
9/16/2013Stakes Athabasca Uranium Claims
6/28/2013Bay St. George Petroleum Update
6/12/2013Red Moon Potash Inc./Vulcan Minerals Inc. - Close Private Pl...
6/6/2013-Red Moon Potash Commences Drilling Program in Western Newfo...
5/22/2013- Finances Red Moon Potash Inc.
4/9/2013Drilling Proposed on Western Newfoundland Royalty Lands
5/18/2011to Spin Out New Company Focussed on Potash Exploration
2/17/2011Exploration Update
6/8/2010Well Testing Update
4/13/2010$4,210,000 Financing
9/15/2009Drilling Update - Robinsons #1
8/25/2009Drilling Update
8/7/2009Nalcor Energy Farmin on Parson's Pond
7/6/2009/Investcan Robinson's #1 Spudded
6/5/2009Rig Update News Release
12/8/2008Petroleum Exploration Update
9/29/2008Vulcan Minerals Inc. to Present at the COPIC Energy Conferen...
9/25/2008– Potash Assays up to 20.4% K20
9/12/2008– Wins Offshore Labrador Exploration Licenc
9/4/2008– LabradorDrilling Update
8/20/2008POTASH REVIEW
7/30/2008Tasisuak Lake Drilling Commences
6/30/2008Kingurutik River Option Agreement Approved/Tasisuak Lake Dri...
5/9/2008Closes $1,000,000 Financing
4/18/2008Announces $1,000,000 Financing
4/3/2008Options Kingurutik, Labrador Nickel Property to Nortec Ventu...
2/28/2008Forms Strategic Joint Venture
2/19/2008VULCAN MINERALS INC. - Corporate Update
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