Volatus Announces Non-Brokered Private Placement

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

(TheNewswire)



Vancouver, B.C. - TheNewswire - September 16, 2021 - Volatus Capital Corp. (CNSX:VC.CN) (the “Company” or “Volatus”) is pleased to announce a non-brokered private placement of up to 8,000,000 flow through units (the “FT Units”) at a price of $0.10 per FT Unit for gross proceeds of up to $800,000 and up to 5,000,000 units (the “NFT Units”) at a price of $0.08 per NTF Unit for gross proceeds of up to $400,000 (the “Offering”).

Each FT Unit will consist of one flow through common share and one share purchase warrant (a “FT Warrant”). Each FT Warrant entitles the holder to purchase one additional non-flow through common share of the Company at a price of $0.12 for a term of five years from closing of the Offering.

Each NFT Unit will consist of one common share and one share purchase warrant (a “NFT Warrant”). Each NFT Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.12 for a term of five years from closing of the Offering.

All securities issued will be subject to a four month hold period from the date of closing of the Offering. The Company may pay finder’s fees in accordance with the policies of the Canadian Securities Exchange.

 

The proceeds from the sale of the FT Units will be used for exploration on the Company’s projects in British Columbia. Proceeds from the sale of the NFT Units will be used for general working capital.

 

About Volatus Capital Corp.

Volatus is focused on exploration and development of resources in gold and copper in the Toodoggone district of north-central British Columbia, as well as magnesite in South Australia and battery metals that have strong demand profiles in the growing green economy.

FOR FURTHER INFORMATION CONTACT:

 

Fred Tejada, PGeo
President & CEO Volatus Capital Corp.

Telephone: 778-819-2709

 

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2021 TheNewswire - All rights reserved.