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vanadiumcorp resource inc (APAFF) Key Developments

Vanadiumcorp Resource Inc. Completes First Tranche of CAD 1 Million Private Placement

Vanadiumcorp Resource Inc. announced that due to demand it, has increased its non-brokered private placement previously announced on August 8, 2014. The lacement has been increased from 12,606,060 units and gross proceeds of CAD 800,000 to 16,562,816 Units with gross proceeds now totaling CAD 1 Million. The company also announced that it has closed the 1st tranche of the Placement totaling 14,744,635 Units and consisting of 10,044,635 non-flow-through units at a price of CAD 0.055 per Unit; and 4,700,000 flow-through units at a price of CAD 0.075 per FT Unit for gross proceeds of CAD 904,955.

Vanadiumcorp Resource Inc. Reports Lac Dore NI 43-101 Technical Report

Vanadiumcorp Resource Inc. reported that the first-ever Lac Dore NI 43-101 technical report is complete. The report exceeds the usual requirement of a standard NI 43-101 technical report, in the sense it provides an extensive review of the metallurgy of vanadium extraction as well as a market outlook. The Lac Dore project has now reached a new level of compliance to achieve 'advanced stage' status, significantly decreasing the timeline to production. The report enables the company to proceed directly to resource calculations. No supplementary drilling is needed, years of expensive drilling campaigns to establish a resource are not required. The report has unlocked all of the relevant past data and knowledge that is technically in the public domain but accessible to very few people. VanadiumCorp has authorized immediate claim expansion that facilitates preparation for eventual mine planning.

Vanadiumcorp Resource Inc., Annual General Meeting, Jun 13, 2014

Vanadiumcorp Resource Inc., Annual General Meeting, Jun 13, 2014., at 14:00 Pacific Standard Time. Location: Suite 208. Agenda: To receive the audited financial statements of the company for the financial year ended October 31, 2013 together with the auditor's report thereon; to fix the number of directors at five; to elect five directors for the ensuing year; to appoint the auditor for the ensuing year and to authorize the directors to fix the auditor's remuneration; to consider and, if thought advisable, pass an ordinary resolution that approves the corporation's stock option plan; to transact such further or other business as may properly come before the meeting and any adjournments thereof.

Vanadiumcorp Resource Inc. Appoints Tom Peregoodoff as New Board Member

Vanadiumcorp Resource Inc. announced the appointment of new board member, Mr. Tom Peregoodoff. Mr. Peregoodoff has joined the board of directors of VanadiumCorp effective immediately. The board appointment comes at an unprecedented time of positive change and new direction. Mr. Peregoodoff has over 25 years of mining and petroleum industry experience, including 18 years with BHP Billiton and has extensive global exploration, operations and business development experience. He is currently the Executive Vice-President, Business Development for Peregrine Diamonds Ltd. Prior to joining Peregrine, Mr. Peregoodoff was Vice President, Exploration, BHP Billiton and was accountable for global early-stage exploration activities across all commodities.

Vanadiumcorp Resource Inc. Auditor Raises 'Going Concern' Doubt

Vanadiumcorp Resource Inc. filed its Annual on Feb 26, 2014 for the period ending Oct 31, 2013. In this report its auditor, Morgan & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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