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Visionary Copper and Gold Mines (OTCQX: VCGMF, TSXV: VCG) closed the second and final tranche of a non-brokered private placement on December 19, 2025, raising a total of $3,040,262 across both tranches.
The company issued 1,600,510 flow-through units (1,333,334 FT Units and 267,176 MB FT Units) and attached 0.5 warrants per unit exercisable at C$1.10 for two years with an acceleration clause at C$1.50 VWAP for 10 consecutive trading days. Gross proceeds will fund Canadian exploration expenses renounced effective December 31, 2025, for the Point Leamington project.
The company also agreed to settle $584,532 of debt by issuing 446,043 common shares, subject to TSXV acceptance and four-month resale restrictions on issued securities.
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