Visionary Announces Increased Ownership Position by The Quaternary Group Limited Following Full Warrant Exercise
Rhea-AI Summary
Visionary (OTCQB:VCGMF) reported that The Quaternary Group Limited fully exercised 666,667 share purchase warrants at $1.10, generating about $733,334 in gross proceeds. Together with 208,800 open-market share purchases, Quaternary now holds 2,650,301 shares, or 11.24% of Visionary on both non-diluted and partially diluted bases.
AI-generated analysis. Not financial advice.
Positive
- Warrant exercise raises approximately $733,334 in gross proceeds
- Anchor investor increases ownership to 11.24% of outstanding shares
- New funds earmarked for working capital and Pt. Leamington advancement
Negative
- Exercise of 666,667 warrants increases share count and dilutes existing holders
- Single investor now controls about 11.24%, increasing ownership concentration
News Market Reaction – VCGMF
On the day this news was published, VCGMF gained 5.85%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Visionary Copper and Gold Mines Inc. (TSXV: VCG) (OTCQB: VCGMF) (the "Company" or "Visionary") is pleased to announce that The Quaternary Group Limited ("Quaternary Group"), a British Virgin Islands company controlled by Mr. Ross Jennings, has further increased its ownership position in Visionary through additional open-market purchases and the full exercise of all of its previously held share purchase warrants of the Company. Following these transactions, the Quaternary Group beneficially owns, directly or indirectly, 2,650,301 common shares of Visionary, representing approximately
Max Porterfield, President and CEO of Visionary, commented: "I'm very pleased to see The Quaternary Group continue to increase its commitment to Visionary, including the full exercise of their warrants. The additional capital from the warrant exercise further strengthens our treasury and supports our ongoing work at the Pt. Leamington Deposit and across our broader portfolio. The Quaternary Group's deepening investment is a strong endorsement of our team, assets, and vision. I'm very grateful for their continued support."
Subsequent to the Company's news release dated May 14, 2026, the Quaternary Group acquired an additional 208,800 common shares of the Company (the "Shares") through the facilities of the TSX Venture Exchange. In addition, the Quaternary Group has exercised in full all 666,667 of its previously held share purchase warrants of the Company (the "Warrants") at an exercise price of
Immediately prior to these transactions, the Quaternary Group beneficially owned 1,774,834 common shares and 666,667 Warrants, representing approximately
The Quaternary Group has reported that the securities are held for investment purposes. Depending on market and other conditions, or as future circumstances may dictate, the Quaternary Group may, from time to time, acquire additional securities of the Company, dispose of some or all of its existing or additional securities, or continue to hold the securities currently held. The Quaternary Group currently has no other plans or intentions of the type contemplated by Item 5 of Form 62-103F1.
Early Warning Disclosure
This news release is being issued in part to satisfy the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103"). Mr. Jennings, through the Quaternary Group, filed an early warning report (the "Early Warning Report") in respect of the exercise of Warrants. A copy of the Early Warning Report will be filed on the Company's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by contacting the Quaternary Group at the address noted below.
The head office of Visionary is located at 1100 - 1199 West Hastings Street, Vancouver, British Columbia, V6E 3T5. The Quaternary Group is a British Virgin Islands company with an address c/o 26 Queen Astrid Park, Singapore 266831.
About The Quaternary Group Limited
The Quaternary Group Limited is a family office controlled by Mr. Ross Jennings. The Quaternary Group invests with a long-term, strategic perspective in resource and critical-minerals companies positioned to play a meaningful role in the global energy transition. The Quaternary Group is also a significant shareholder of other publicly listed Canadian resource issuers.
Investor Relations Engagement
The Company also announces that it has increased its budget for market services with Milestone Capital Partners ("MCP") from
MCP is an entity controlled by Christian Klingebiel. MCP and Mr. Klingebiel are arm's length to the Company. Except for the stock options previously granted to MCP, neither MCP nor Mr. Klingebiel have a direct interest in the Company or its securities or any right or intent to acquire such an interest at this time. There are no performance factors contained in the agreement.
The Company also announces that it has increased its budget for marketing services with Delray Capital Markets Group ("Delray") from
Delray is an entity controlled by Rodney Raanan. Delray and Mr. Raanan are arm's length to the Company. Except for the stock options previously granted to Delray, neither Delray nor Mr. Raanan have a direct interest in the Company or its securities or any right or intent to acquire such an interest at this time. There are no performance factors contained in the agreement.
The Company also announces it has entered into an agreement with Market One Media Group Inc. ("Market One") for a 12-month marketing campaign at a cost of CAD
The Company will not issue any securities to Market One as compensation for its services. To the Company's knowledge, as of the date hereof, Market One (including its directors and officers) does not own any securities of the Company and is arm's length to the Company.
The Company also announces it has entered into an agreement with Euroswiss Capital Partners Inc. ("Euroswiss") for a 7-month marketing campaign at a cost of CAD
The Company will not issue any securities to Euroswiss as compensation for its services. To the Company's knowledge, as of the date hereof, Euroswiss (including its directors and officers) does not own any securities of the Company and is arm's length to the Company.
The above noted investor relations agreements are subject to acceptance of the TSX Venture Exchange.
About Visionary Copper and Gold Mines Inc.
Visionary Copper and Gold Mines Inc. (TSXV: VCG) (OTCQB: VCGMF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The focus of the portfolio is highlighted by the
For additional information, please contact:
Visionary Copper and Gold Mines Inc.
Max Porterfield, President and Chief Executive Officer
Phone: (604) 605-0885
E-mail: info@visionarycoppergold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete the proposed drill program and the timing and amount of expenditures. Except as required under applicable securities laws, Visionary does not assume the obligation to update any forward-looking statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299587