VanadiumCorp plans to arrange debenture financing to raise up to a maximum of $2 million (the “Debt Financing”).
VANCOUVER, British Columbia – Nov. 22, 2013 – VanadiumCorp Resource Inc. (TSX-V: “VRB”) (OTCQX: “APAFF”) (the “Company”) Pursuant to a directors’ resolution, the Company has changed its name as follows. There is no consolidation of capital. The move is part of the Company’s global corporate strategy, being carried out to boost its marketability and branding worldwide. The direction of the Company is changing to incorporate new markets and advance with collaboration from government and strategic groups. VanadiumCorp is targeting production of high purity Vanadium products to coincide with increasing demand in the steel and alloy markets and revolutionary shift towards global commercialization of large scale pure Vanadium Redox Batteries (VRB).
VanadiumCorp is a resource Company with a growth strategy focused on development of its most advanced Vanadium projects in Quebec, Canada. The Lac Dore Project is the Company’s 100% owned flagship Vanadium project with near surface mineralization and is well serviced with air, rail and roads. Together with available electrical energy and water, a solid infrastructure is in place for the development of a mine and production of Vanadium. Vanadium has been dubbed “the electric metal” for its bright future in energy storage and green technology but its main use today is in high-quality steel. This unique project located in one of the best mining jurisdictions holds the key for a stable domestic supply of Vanadium for years to come.
The new website will be complete in coming weeks, and information can be found at www.vanadiumcorp.com
FOR MORE INFORMATION CONTACT:
Adriaan Bakker or Stephen Pearce at 1-604-385-4485
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.