2009 News
SEPTEMBER 17, 2009
Volcanic Capital Corp. Announces Completion of Private Placement
Volcanic Metals Corp. ("Volcanic") is pleased to announce that, effective September 14, 2009, it closed the private placement financing as previously announced on August 11, 2009.
The Company raised $460,000 in the non-brokered financing through the issuance of 2,000,000 common shares of the Company (each, a “Share”) at a price of $0.23 per Share. The Company issued the following Shares as finder’s fees: (i) 78,640 Shares to Canaccord Capital Corporation; (ii) 12,000 Shares to John Lagourgue and (iii) 69,360 Shares to Radek Zverina. All of the securities issued in connection with this non-brokered financing are subject to a hold period expiring on January 15, 2010.
ON BEHALF OF THE BOARD OF VOLCANIC CAPITAL CORP.
/s/ Michael Iverson
Michael Iverson,
President, CEO and Director
For further information contact:
Michael Iverson, President
Phone: 604.687.7160
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
