NEWS RELEASE
May 9, 2008
Stock Symbol: TSX: VUL
Shares issued: 43,314,301
Vulcan Minerals Inc. - Closes $1,000,000 Financing
St. John's - Newfoundland - Vulcan Minerals Inc. ("the Company" TSX-V: VUL),
the Company is pleased to announce that it has closed the $1,000,000
financing announced on April 18, 2008. The financing consisted of 1,666,667
units at a price of $0.60 per unit, each unit consisting of one common
share, subject to a 4-month hold period (September 8, 2008), 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 to May 7,
2009. A finder's fee has been paid to Power One Capital Markets Limited in
the form of cash of $63,000 and 105,000 warrants to purchase 105,000 common
shares of the company at $0.80 until May 7, 2009. The proceeds will be used
primarily for working capital with an allocation made towards an evaluation
of the company's potash and salt resource in western Newfoundland. The
financing is subject to final TSX Venture Exchange approval.
For information please contact Mr. Patrick Laracy, President of Vulcan
Minerals Inc. at Phone: (709) 754-3186, Fax: (709) 754-3946
Email: info@vulcanminerals.ca
Website: www.vulcanminerals.ca
The TSX Venture Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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Vulcan Minerals Inc.
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EXPLORATION STAGE |
CODE : VUL.V |
ISIN : CA9289451044 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Vulcan Min. is a silver and gold exploration company based in Canada. Vulcan Min. holds various exploration projects in Canada. Its main exploration properties are KINGURUTIK, TL, FLAT BAY, BUFFALO HILLS, MEDICINE HAT, CARBONEAR and GOOSE SOUTH in Canada. Vulcan Min. is listed in Canada and in United States of America. Its market capitalisation is CA$ 9.4 millions as of today (US$ 6.9 millions, € 6.4 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. |