Vatic Ventures Completes Private Placement Financing

Vatic Ventures ( (TSE:VCV) ) has issued an update.

Vatic Ventures Corp. has successfully closed its non-brokered private placement financing, raising gross proceeds of $173,705. The financing involved the issuance of 3,474,100 units, each consisting of one common share and a warrant, with warrants exercisable at $0.075 for two years. The funds raised are likely to support the company’s exploration and development activities, strengthening its position in the resource sector and potentially benefiting stakeholders through the advancement of its properties in Brazil and Namibia.

More about Vatic Ventures

Vatic Ventures Corp. is a mineral exploration and development company focused on high-value properties, with options to acquire significant interests in the Solonópole South Lithium Property in Brazil and the Opuwo Copper Property in Namibia.

YTD Price Performance: 106.67%

Average Trading Volume: 5,045

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $1.09M

For detailed information about VCV stock, go to TipRanks’ Stock Analysis page.