Visionary Copper and Gold Mines Inc. Closes First Tranche of Private Placement Financing

Core Points - Visionary Copper and Gold Mines Inc. has closed the first tranche of a non-brokered private placement, issuing 1,613,815 hard dollar units at a price of C$0.75 per unit, resulting in gross proceeds of C$1,210,361 [1][2] Group 1: Private Placement Details - Each hard dollar unit consists of one common share and one-half of a transferable common share purchase warrant, with each warrant exercisable into one additional common share at an exercise price of C$1.10 for two years from closing [2] - The company is also offering up to 1,333,333 flow-through units at a price of C$1.11 per unit for gross proceeds of up to C$1,480,000, and up to 267,175 Manitoba flow-through units at a price of C$1.31 per unit for gross proceeds of up to C$350,000 [3] - The gross proceeds from the sale of flow-through units will be used for 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] Group 2: Insider Participation and Regulatory Compliance - Insiders of the company subscribed for 229,482 hard dollar units for gross proceeds of C$172,111, which is considered a related party transaction subject to Multilateral Instrument 61-101 [5] - The closing of the offering is subject to acceptance by the TSX Venture Exchange [6] Group 3: Company Overview - Visionary Copper and Gold Mines Inc. is advancing its portfolio of base and precious metals deposits, including the 100% owned Point Leamington Deposit in Newfoundland, which has an indicated mineral resource of 5.0 million tonnes grading 2.5 g/t AuEq for 402,000 ounces AuEq [8] - The company is also permitting the Rainbow deposit at its Pine Bay Project, with an indicated mineral resource of 3.44 million tonnes grading 3.59% CuEq for 272.4 million pounds CuEq [9]