Vanadiumcorp Resource Inc. announced a non-brokered private placement of up to 15,000,000 units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 1,500,000 on April 24, 2023. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.18 per share for a period of two years from the date of closing.

The transaction is subject to approval from TSX Venture Exchange. The securities are being subject to four months hold period. Directors and officers of the company may acquire securities under the transaction.

The company will pay finders' fees in cash and broker purchase warrants bearing same terms as the unit warrants.