Visionary Gold Corp. Pronounces Closing of Non-Brokered Non-public Placement

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Vancouver, British Columbia–(Newsfile Corp. – July 21, 2022) – Visionary Gold Corp. (TSXV: VIZ) (“Visionary” or the “Firm“) is happy to announce that it has closed the second tranche of its beforehand introduced non-brokered non-public placement (the “Providing“), issuing 3,094,000 items of the Firm (every, a “Unit“) at a value of $0.05 per Unit for gross proceeds of $154,700. In mixture, Visionary bought 30,748,000 Items for complete gross proceeds of $1,537,400 pursuant to the Providing.

Every Unit is comprised of 1 frequent share of the Firm (every, a “Unit Share“) and one half of 1 frequent share buy warrant (every entire warrant, a “Warrant“). Every Warrant entitles the holder thereof to accumulate one frequent share of the Firm (every, a “Warrant Share“) at a value of $0.10 for a interval of 24 months from the deadline of the Providing.

The online proceeds from the Providing shall be used to fund the Firm’s 2022 exploration program and for basic working capital functions. The closing of the Providing is topic to receipt of all mandatory regulatory approvals, together with the approval of the TSX Enterprise Change (the “TSXV“). The Unit Shares, Warrants and Warrant Shares shall be topic to a maintain interval of 4 months and in the future in accordance with relevant securities legal guidelines.

This information launch doesn’t represent a suggestion of securities on the market in the USA. The securities being supplied haven’t been, nor will they be, registered below the United States Securities Act of 1933, as amended, and such securities will not be supplied or bought inside the USA absent U.S. registration or an relevant exemption from U.S. registration necessities.

About Visionary Gold Corp:

Visionary Gold Corp is a Vancouver-based mineral exploration firm targeted on making new treasured and base metals discoveries in Fremont County, Wyoming. Visionary’s mission is to discover responsibly and to develop assets in a fashion that’s acceptable to all stakeholders. Whereas central Wyoming has a robust mining historical past, it has by no means been systematically explored utilizing trendy strategies. The Firm now controls a land package deal larger than 50 sq. kilometres with quite a few drill prepared targets, all accessible by street and inside a one-hour drive from Visionary’s US headquarters in Lander Wyoming.

For added data, please go to:
www.visionarygoldcorp.com

Contact:
Wes Adams, Chief Government Officer
Visionary Gold Corp.
410-325 Howe Avenue
Vancouver, BC V6C 1Z7
Tel: (303) 809-4668

FORWARD-LOOKING STATEMENTS

This information launch incorporates “forward-looking statements” throughout the that means of Canadian securities laws. These embody, with out limitation, statements with respect to the receipt of regulatory approvals, together with the approval of the TSXV, closing of the Providing and using proceeds therefrom and statements with respect to the 2022 exploration program. Ahead-looking statements are essentially primarily based on quite a few estimates and assumptions that, whereas thought-about cheap, are topic to recognized and unknown dangers, uncertainties and different components which can trigger precise outcomes and future occasions to vary materially from these expressed or implied by such forward-looking statements. Such components embody, however usually are not restricted to the TSXV could refuse to grant approval of the Providing; the Firm could reallocate the proceeds of the Providing for causes that administration believes are within the Firm’s finest pursuits; the Firm could select to defer, speed up or abandon its exploration plans; basic enterprise, financial and regulatory dangers; capital and working prices various considerably from administration estimates; delays in acquiring or failures to acquire required governmental, environmental or different mission approvals; uncertainties referring to the supply and prices of financing wanted sooner or later; inflation; fluctuations in commodity costs; delays within the growth of tasks; and the opposite dangers concerned within the mineral exploration and growth business usually. Though the Firm believes that the assumptions and components utilized in getting ready the forward-looking statements are cheap, undue reliance shouldn’t be positioned on these statements, which solely apply as of the date of this information launch, and no assurance may be provided that such occasions will happen within the disclosed time frames or in any respect. Besides the place required by regulation, the Firm disclaims any intention or obligation to replace or revise any forward-looking assertion, whether or not on account of new data, future occasions, or in any other case.

Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.

Not for distribution to United States Newswire Providers or for dissemination in the USA

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