Volatus Announces Financing
VOLATUS CAPITAL CORP.
NEWS RELEASE
VOLATUS ANNOUNCES FINANCING
June 2, 2020 CSE Trading Symbol: VC
Volatus Capital Corp. (“Volatus” or the “Company”) announces it intends to conduct a nonbrokered private placement (the “Offering”) to issue up to 500,000 common shares (each, a “Share”) at $0.15 per Share for gross proceeds of up to $75,000. All Shares issued in connection with the Offering will be subject to resale restrictions, expiring beyond the customary statutory hold period of four months and one day after closing of the Offering. The Shares will be issued and represented by four certificates (or DRS statements) of equal amount, each with a different resale restriction endorsed thereon as follows: (i) one Share certificate will bear a legend expiring four months plus one day from the Closing Date; (ii) one Share certificate will bear a legend expiring twelve months from the Closing Date; (iii) one Share certificate will bear a legend expiring eighteen months from the Closing Date; and (iv) one Share certificate will bear a legend expiring twenty-four months from the Closing Date.
The proceeds raised from this Offering will be used by the Company to conduct further exploration work on its properties in British Columbia, project acquisition, and for general corporate purposes.
The Company intends to focus on exploration and development of resources in gold and Battery Metals that have strong demand profiles in the growing green economy.
About Volatus Capital Corp.
Volatus is focused on exploration and development of resources in gold and Battery Metals that have strong demand profiles in the growing green economy.
The Company holds three projects in British Columbia focused developing economic precious and base metal resources on the Compass, Sunset Copper Star Property and Split Dome properties.
The Compass Project is composed of six mineral tenures encompassing a land area of approximately 7,470 Hectares located in the resurgent Toodoggone Mining Camp in northwestern British Columbia. The Sunset Copper Star Property consists of two contiguous mineral tenures covering an area of 1,138.15 hectares, located approximately 19 kilometres northwest of the city of Campbell River in the Nanaimo Mining Division, British Columbia. The Split Dome project consists of three continuous mineral tenures covering 5,840 hectares located 55 km north-east of Hazelton, British Columbia, on the west side of the Babine Valley.
The Company also holds the exclusive right to purchase a significant magnesite project in Australia.
We seek Safe Harbor.
ON BEHALF OF THE BOARD
“Michael Collins”
Michael Collins, President and CEO For additional information, contact Volatus at 604-681-3170