VanadiumCorp Resource Inc (TSX-V:VRB) told investors it has filed documents with the TSX Venture Exchange for approval to close its non-brokered private placement financing.
The company said in a statement that it plans to issue 8,675,000 flow-through units (FT Units) at $0.10 each and 4,557,500 non-flow-through units (NFT Units) at $0.08 each for aggregate gross proceeds of $1,232,100.
It said net proceeds from the financing will be used for exploration and metallurgical testing on the company's wholly-owned mineral properties and general corporate purposes.