VanadiumCorp Announces Non-Brokered Private Placement 8th August 2014 VanadiumCorp News Releases TSX-V: “VRB” Download PDF… VANCOUVER, BRITISH COLUMBIA – August 8, 2014 – Vanadiumcorp Resource Inc. (TSX-V: “VRB”) (the “Company”) is pleased to announce a non-brokered private placement of up to 7,272,727 non-flow-through units (“Units”) at a price of C$0.055 per Unit; and up to 5,333,333 flow-through units (“FT Units”) at a price of C$0.075 per FT Unit sold on a “flow-through” basis pursuant to the Income Tax Act (Canada) Aggregate gross proceeds total approximately C$800,000 (the “Offering”). Each Unit shall consist of one non-flow-through common share of the Issuer and one share purchase warrant (“Warrant”). Each FT Unit shall consist of one flow-through common share of the Issuer and one share purchase Warrant. Each whole Warrant will entitle the holder to acquire one non flow-through common share of the Issuer at a price of C$0.10 for a period of 36 months following the closing date of the Offering. All securities issued pursuant to the placement will be subject to a hold period of four months and one day from the date of closing. Proceeds from the Placement will be used for VanadiumCorp’s Lac Dore Resource calculation currently underway, other mineral exploration projects in Canada and general working capital purposes. The Company has agreed to pay a finder’s fee of eight percent in respect of a portion of the proceeds raised. The Placement is subject to regulatory approval. On behalf of the board: Adriaan Bakker, President and Chief Executive Officer For more information, contact Vanadiumcorp: Adriaan Bakker, President, CEO By phone: 604-385-4489 By email: email@example.com Website: www.vanadiumcorp.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Share This Tweet Share Share Email Related Posts VanadiumCorp Commences Vanadium Electrolyte Process Partnership Vanadiumcorp is pleased to announce the commencement of the Vanadium Electrolyte Process Partnership (VEPP). PacificOre holder St. Germain supports Bakker for CEO As long-term stockholders with in excess of 1.3 million shares plus warrants, which together give us control of more than 1 per cent of the issued stock in PacificOre Mining Corp., the RJ & CS St. Germain Partnership Ltd., our family investment group, has been watching recent developments with considerable concern. Confirmation Drill Program to Commence at Lac Dore VTM Project VanadiumCorp is pleased to announce plans to commence a drill program at the Company's 100% owned Lac Dore vanadiferous titanomagnetite (VTM) Project near Chibougamau, Quebec.