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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (23775)	1/10/2017 5:02:31 PM
From: Goose94	Read Replies (1) \| Respond to of 203382

Volcanic Gold Mines (VOL-V) closes PP for $1-million and name from Volcanic Metals Jan 9, '17 - NR Further to the news release dated Nov. 8, 2016, Volcanic Metals Corp. has completed a non-brokered private placement for aggregate gross proceeds of $1-million. The financing consisted of 6,666,667 units at 15 cents per unit. Each unit consists of one common share and one-half of one warrant, each whole warrant entitling the holder to purchase one additional common share of the company at 25 cents until Jan. 5, 2018. The warrants are subject to an acceleration provision such that if the closing price of the company's shares for 10 consecutive trading days is 40 cents or greater, the company may give notice to the holders of the warrants that the warrants will expire 30 calendar days after receipt of such notice. In connection with the financing, the company paid a cash commission totalling $9,765 and issued 241,733 finder common shares and 427,700 finder warrants. Each finder warrant entitles the holder to acquire one common share, at a price of 25 cents until Jan. 5, 2018, and is subject to the same acceleration provision mentioned above. All securities issued in connection with the financing are subject to a statutory hold period expiring May 6, 2017. The company also announces that it has received conditional approval from the TSX Venture Exchange for its proposed acquisition of the Mandiana project, located in Guinea, from Sovereign Mines of Africa PLC, as further described in the company's news release of Nov. 8, 2016. Completion of the acquisition remains subject to submission of final filings with the exchange. The company advises that its common shares will resume trading at the market open on Jan. 10, 2017, under the ticker symbol VOL. Further, the company announces that its board of directors has approved a change in the company's name to Volcanic Gold Mines Inc. The name change will be effected upon closing of the acquisition.