Visionary Gold Corp. announced a non-brokered private placement of 21,428,571 units at a price of CAD 0.07 per unit for gross proceeds of CAD 1,500,000 on March 31, 2023. Each unit will be comprised of one common share and one half of one common share purchase warrant.

Each Warrant will entitle the holder thereof to acquire one common share of the company at a price of CAD 0.14 for a period of three years from the closing date of the offering. The company may pay finders fees in connection with the offering. The transaction is subject to approval from TSX Venture Exchange.

The securities are being subject to four months hold period. The transaction is expected to close on April 18, 2023.