Vancouver, July 19, 2021 -
Volatus Capital Corp. (CSE:VC) (CNSX:VC.CN) ("Volatus" or the "Company") is pleased to announce the appointment of Hector de Los Santos to the board of Directors and announces that it intends to raise $1,650,000 through a combination of flow through and non flow-through financing.
Private Placement
The Company will raise $1,200,000 through the issuance of 10,000,000 flow-through shares priced at $0.12 a share, and $450,000 through the issuance of 5,000,000 non-flow-through units at $0.09 per unit where each unit consists of one share and one-half warrant. Each full warrant entitles the holder to acquire one share at $0.16 for a period of 18 months. The Company will use the funds on administration, project acquisition and exploration on the Company's projects in British Columbia and South Australia.
Hector de los Santos
Hector De Los Santos is the founder and Director of Latam Ventures Corp., a mining consultant firm specializing in corporate affairs in Mexico and Latin America. He also works for Eagle Mapping as the Geomatics Sales Manager for Latin America. Prior to that, Hector was the Deputy Trade Commissioner for the Mexican Consulate in Vancouver, BC. Hector has more than 12 years of experience in the promotion of exploration projects.
Fred Tejada, President and Chief Executive Officer of Volatus, stated: "I am pleased to welcome Hector to our board. His years in the exploration and development business will provide the Company with additional expertise as we continue to advance our exploration projects. The Company expects to be more active in bringing out exploration and development news in the coming months".
Chafika Eddine has resigned from the board of directors to focus on other opportunities. The Company would like to thank Chafika Eddine for her contributions to the Company and wish her well in her future endeavors.
The company also notes that it is in discussions on the acquisition of the remainder of the Leigh Creek Magnesite project in South Australia but cautions that no terms have been reached.
About Volatus Capital Corp.
The Company is focused on exploration and development of resources in gold, copper and the green economy that have strong demand profiles.
We seek Safe Harbor.
ON BEHALF OF THE BOARD
"Fred Tejada"
Fred Tejada, President and CEO
For additional information, contact Volatus at 778-819-2709
Forward-looking information
Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
