Core Viewpoint - Visionary Copper and Gold Mines Inc. is initiating a non-brokered private placement to raise up to $3.0 million to fund a drilling campaign at its 100% owned Pt. Leamington Project in Newfoundland [1] Offering Details - The Offering will consist of three components: 1. Up to 1,560,000 hard dollar units (HD Units) priced at C$0.75 each, aiming for gross proceeds of up to C$1,170,000 [2] 2. Up to 1,333,333 flow-through units (FT Units) priced at C$1.11 each, targeting gross proceeds of up to $1,480,000 [2] 3. Up to 267,175 Manitoba flow-through units (MB FT Units) priced at C$1.31 each, with gross proceeds of up to $350,000 [2] Unit Composition - Each HD Unit will consist of one common share and one-half of one transferable common share purchase warrant [3] - Each FT Unit and MB FT Unit will consist of one flow-through common share and one-half of one transferable Warrant [3] Use of Proceeds - Gross proceeds from the sale of FT Units will be allocated to eligible "Canadian exploration expenses" related to the Pt. Leamington Project, with all qualifying expenditures renounced in favor of the subscribers effective December 31, 2025 [4] - Net proceeds from the sale of HD Units will be utilized for working capital and general corporate purposes [4] Company Overview - Visionary Copper and Gold Mines Inc. is focused on advancing its portfolio of base and precious metals deposits in established Canadian mining jurisdictions, particularly the Pt. Leamington Deposit in Newfoundland [7] - The company has reported an indicated mineral resource of 5.0 million tonnes grading 2.5 g/t AuEq, equating to 402,000 ounces of AuEq [7] - The company is also permitting the Rainbow deposit at its Pine Bay Project, with significant mineral resources reported [7]
Visionary Copper and Gold Mines Inc. Announces $3.0 million Private Placement Financing for Exploration Campaign at Pt. Leamington Project, NFLD