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 $0.80 until May 7, 2009. The proceeds will be used
primarily for working capital with an allocation made towards an evaluation
of the company's potash and salt resource in western Newfoundland. The
financing is subject to final TSX Venture Exchange approval.
For information please contact Mr. Patrick Laracy, President of Vulcan
Minerals Inc. at Phone: (709) 754-3186, Fax: (709) 754-3946
Email: info@vulcanminerals.ca
Website: www.vulcanminerals.ca
The TSX Venture Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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Vulcan Minerals Inc.
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EXPLORATEUR |
CODE : VUL.V |
ISIN : CA9289451044 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Vulcan Min. est une société d’exploration minière d'argent et d'or basée au Canada. Vulcan Min. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont KINGURUTIK, TL, FLAT BAY, BUFFALO HILLS, MEDICINE HAT, CARBONEAR et GOOSE SOUTH au Canada. Vulcan Min. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 9,4 millions CA$ (6,9 millions US$, 6,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 06 juin 2008 à 1,59 CA$, et son plus bas niveau récent le 08 novembre 2019 à 0,02 CA$. Vulcan Min. possède 58 530 000 actions en circulation. |