Visionary Copper and Gold Mines Inc. Announces Results of Annual General Meeting
Rhea-AI Summary
Visionary Copper and Gold Mines (OTCQB: VCGMF) reported results of its Annual General Meeting held March 19, 2026, where shareholders approved director re-elections, appointment of auditors, a 10% rolling stock option plan, and downward repricing of 261,667 insider options (subject to TSXV acceptance).
The company also disclosed investor relations agreements totaling $120,000 in one-time fees and grants of 250,000 stock options to three firms, with vesting and five-year exercisability terms.
Positive
- 261,667 insider options downwardly repriced (subject to TSXV)
- Shareholders approved a 10% rolling stock option plan
- Board continuity via re-election of 4 directors
- Investor relations agreements totaling $120,000 in fees
- 250,000 options granted to IR/marketing firms
Negative
- One-time IR fees of $120,000 increase cash outflow
- Granting 250,000 options may dilute shareholders
- IR agreements and option amendments subject to TSXV acceptance
News Market Reaction – VCGMF
In the Mar 20 session, VCGMF declined 2.35%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - March 20, 2026) - Visionary Copper and Gold Mines Inc. (TSXV: VCG) (OTCQB: VCGMF) (the "Company" or "Visionary") is pleased to announce the results of the Company's annual general meeting (the "Annual General Meeting") held on March 19, 2026.
At the Annual General Meeting, shareholders approved all motions put forth, including the re-election of Max Porterfield, Peter Dimmel, Michael Louie and Keith Minty to the Board of Directors. In connection with the Annual General Meeting, Nico Civelli retired as a director of the Company and did not stand for the re-election as a director. The Company would like to thank Mr. Civelli for his services to the Company.
The shareholders also approved the appointment of Shim & Associates LLP as the auditors of the Company, the
Investor Relations Engagement
The Company also announces that it has entered into a consulting services agreement with Milestone Capital Partners ("MCP") for marketing services including editorial and newsletter marketing and investor introductions for a period of up to twelve months. In consideration of the services, the Company will pay a one time fee of
MCP is an entity controlled by Christian Klingebiel. MCP and Mr. Klingebiel are arm's length to the Company. Except for the stock options noted above, 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 is no performance factors contained in the agreement.
The Company also announces that it has entered into a consulting services agreement with Delray Capital Markets Group ("Delray") for investor outreach, market awareness initiatives, strategic capital marketing advisory services for a period of up to twelve months. In consideration of the services, the Company will pay a one-time fee of
In addition, the Company has also granted Delray 50,000 stock options exercisable at
Delray is an entity controlled by Rodney Raanan. Delray and Mr. Raanan are arm's length to the Company. Except for the stock options noted above, 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 is no performance factors contained in the agreement.
The Company entered into an investor relations agreement dated March 17, 2026 with Cashu Group for investor relations, research, publisher, network access and paid programming advertising services. In consideration of these services, the Company has agreed to pay a one time fee of
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, completing the private placement financing, 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/289311