Volcanic Gold Closes Upsized Private Placement, Raising $1.66 Million

Group 1 - Volcanic Gold Mines Inc. has successfully closed a non-brokered private placement financing, raising gross proceeds of $1,664,200 by issuing 13,868,332 units at a price of $0.12 per unit [1] - Each unit consists of one common share and one warrant, allowing the holder to purchase an additional common share at $0.16 for two years after closing [1] - The company plans to use the proceeds to fund exploration activities on the Holly Property in Guatemala and for general working capital [2] Group 2 - Finder's fees for the financing included cash payments of $23,712 and 197,599 warrants with the same terms as the unit warrants [3] - Securities issued in the placement are subject to a resale restriction until November 16, 2025, and the private placement is pending final approval by the TSX Venture Exchange [3] Group 3 - Volcanic Gold Mines Inc. aims to build multi-million-ounce gold and silver resources in underexplored countries through strategic acquisitions and effective exploration programs [4]