Voltage Metals Corp. Closes Oversubscribed Private Placement
TORONTO, March 30, 2023 /CNW/ - Voltage Metals Corp. ("Voltage" or the "Company") (CSE: VOLT) (OTC: VLTMF) is pleased to announce that it has closed its oversubscribed non-brokered private placement for gross proceeds of C$605,242.86 through the issuance of 20,174,762 common shares at a price of C$0.03 per share.
Eligible finders were paid a cash commission equal to 3% of the gross proceeds of subscriptions facilitated by such finders.
The Company intends to use the proceeds for technical reporting, exploration of the Company's mining properties, potential strategic acquisitions, and general working capital.
All securities issued pursuant to the private placement will be subject to a four month hold period in accordance with applicable Canadian securities laws.
Voltage is a mineral exploration company with an experienced team focused on battery metals exploration in the Canadian provinces of Ontario and Newfoundland. The Company's mission is to create shareholder value by exploring and developing projects that display sound geology and discovery potential.
This press release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by management. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information. There can be no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward- looking information for anything other than its intended purpose. Management of the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE Voltage Metals Corp.
Jay Freeman, Chairman and Director, Voltage Metals Corp., [email protected]
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