News Releases
21 Oct Vatic Ventures Corp. Receives Approval to Close the Acquisition of 80% of Thai Potash Company and First Tranche of $1 Million Financing
Vancouver, BC, October 21, 2016 – Vatic Ventures Corp. (the “Company” or “Vatic”) (NEX VCV.H and
Frankfurt: V8V) is pleased to announce that it has received approval from the NEX Board of the TSX
Venture Exchange (the “Exchange”) for the assignment and purchase agreement (the “Agreement”) to
purchase 80% of the issued and outstanding shares (the “Shares”) of Saksrithai Development Co. Ltd.
(“Saksrithai”), a Thailand company which holds two special prospecting licenses (“SPLs”) for the
exploration of potash. Pursuant to the Agreement the Company is acquiring the rights of Red Branch
Investments Ltd. (“Red Branch”) to acquire the Shares pursuant to a share purchase agreement among the
holders of the Shares of Saksrithai (the “Saksrithai Shareholders”), Saksrithai and Red Branch. Full details
of the Agreement are found in the Company’s June 7, 2016 news release.
17 Oct Vatic Ventures Corp. Amends Financing
Vancouver, BC, September 27, 2016 – Vatic Ventures Corp. (the “Company” or “Vatic”) (NEX VCV.H and
Frankfurt: V8V) announces an amendment to the terms of its previously announced financing (news release
dated June 7, 2016) (the “Financing). The Company will now raise up to $1 million consisting of up to 13.3
million units priced at $0.075 per unit, each unit being comprised of one common share and one share
purchase warrant exercisable for 2 years at a price of $0.15 (the “Financing”). Up to $100,000 of the
Financing will be distributed pursuant to BC Instrument 45-536 and used for the proposed acquisition with
the remainder to be distributed under other exemptions and used for the proposed acquisition of 80% of the
issued and outstanding shares of Saksrithai Development Co. Ltd. (see news release dated June 7, 2016) and
working capital purposes.
04 Oct Vatic Ventures Corp. Amends Price of Shares for Debt
Vancouver, BC, October 4, 2016 – Vatic Ventures Corp. (the “Company” or “Vatic”) (NEX
VCV.H and Frankfurt: V8V) announces that, further to its news release of July 13, 2016 and subject
to regulatory approval, it will be settling up to $50,000 of debt by issuing up to 666,666 shares at a
deemed price of $0.075 per share to various creditors of the Company.
13 Jul Vatic to Issue Shares for Debt
Vancouver, BC, July 13, 2016 – Vatic Ventures Corp. (the “Company” or “Vatic”) (NEX VCV.H and Frankfurt: V8V) announces that, subject to regulatory approval, it will be settling up to $50,000 of debt by issuing up to 500,000 shares at a deemed price of $0.10 per share to various creditors of the Company.
12 Jul Vatic Progressing Toward Acquisition of 80% of Thai Potash Company
Vancouver, BC, July 12, 2016 – Vatic Ventures Corp. (the “Company” or “Vatic”) (NEX VCV.H and Frankfurt: V8V) is pleased to announce that it has filed with the TSX Venture Exchange (the “Exchange”) the preliminary documents required for the approval of the acquisition of 80% of Saksrithai Development Co. Ltd. (“Saksrithai”), a Thailand company which holds two special prospecting licenses (“SPLs”) for the exploration of potash (see news release dated June 7, 2016). As a result of filing the preliminary documents, together with its annual financial statements with various applicable securities commissions, the Company expects that its shares will be reinstated for trading prior to completing the acquisition of 80% of Saksrithai (the “Acquisition”).
07 Jun Vatic to Acquire 80% in Thai Potash Company
Vatic Ventures Corp. (the “Company” or “Vatic”) (NEX:VCV.H) (Frankfurt:V8V) is pleased to announce that it has entered into an assignment and purchase agreement (the “Agreement“) to acquire 80% of the issued and outstanding shares (the “Shares“) of Saksrithai Development Co. Ltd. (“Saksrithai“), a Thailand company which holds two special prospecting licenses (“SPLs“) for the exploration of potash.
07 Apr Vatic Ventures Corp. Financing
Vancouver, BC, April 7, 2016 – Vatic Ventures Corp. (the “Company” or “Vatic”) (NEX VCV.H and Frankfurt: V8V) announces that it will conduct a non-brokered private placement of up to 5 million units at a price of five cents per unit ($0.05) to raise proceeds of up to $250,000 (the “Financing”). Each unit will consist of one common share and one common share purchase warrant (the “Unit Warrants”) with each Unit Warrant entitling the holder to acquire one additional common share at a price of 10 cents ($0.10) per share for 12 months from closing.
22 Mar Vatic Announces First Tranche Close
Vatic Ventures Corp. (the “Company”) (NEX: VCV.H and Frankfurt: V8V) announces that it has received approval from the NEX Board of the TSX Venture Exchange for the closing of the first tranche of its non-brokered private placement, previously announced January 13, 2016.
27 Jan Vatic Announces Additional Financing
Vatic Ventures Corp. (the “Company” or “Vatic”) (NEX VCV.H and Frankfurt: V8V) Further to the Company’s news release dated January 13, 2016 announcing a $600,000 proposed financing the Company advises that it intends to complete an additional post-consolidation financing of a minimum of 1,200,000 Units and a maximum of 3,000,000 Units at a price of five cents ($0.05) per Unit to raise a minimum of $60,000 and a maximum of $150,000 (the “Financing”). Each Unit will consist of one common share and one common share purchase warrant (the “Unit Warrants”) with each Unit Warrant entitling the holder to acquire one additional common share at a price of ten cents ($0.10) per share for 12 months from closing.