Vancouver, British Columbia–(Newsfile Corp. – January 26, 2023) – Nevada Vanadium Mining Corp. (“Nevada Vanadium” or the “Company”) announces that it proposes to undertake a non-brokered private placement (the “Placement”) of up to 2 million Units of the Company (the “Units”) at a price of $0.14 per Unit to raise aggregate gross proceeds of up to $280,000. Each Unit will consist of one common share of the Company and one share purchase warrant with each warrant entitling the holder to purchase one additional share of the Company at a price of $0.18 per share for 3 years.
The securities issued as part of the Placement will be subject to a hold period of four months plus one day from the date of issue.
Closing of the Placement is expected to occur on or about February 15, 2023.
A Finder’s Fees of up to 7% Finder’s Units may be payable in connection with the Placement. Each Finder’s Unit will consist of one common share of the Company and one non-transferable share purchase warrant with each warrant entitling the holder to purchase one additional share of the Company at a price of $0.18 per share for 3 years.
Proceeds of the Placement are expected to be used for project advancement, working capital and general corporate purposes.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Nevada Vanadium Mining Corp.
Nevada Vanadium Mining Corp. is a Canadian reporting issuer, holding a 100% interest in the Gibellini Vanadium project in Nevada, United States.
To find out more about Nevada Vanadium, visit www.nevadavanadium.com
NEVADA VANADIUM MINING CORP.
ON BEHALF OF THE BOARD
“Ron Espell”
CEO
For more information about Nevada Vanadium, please contact Investor Relations: info@nevadavanadium.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management’s expectations regarding Company’s future growth, results of operations, performance, and business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.
These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. The Company undertakes no obligation to publicly release any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.
www.yahoo.com
