Mr. Stephen Stares reports
VINLAND FILES FOR CONDITIONAL APPROVAL OF FLOW-THROUGH FINANCING
Vinland Lithium Inc., further to its July 30, 2026, and Aug. 31, 2026, news releases, has filed documents with the TSX Venture Exchange seeking conditional approval of its previously announced private placement financing of 48-cent flow-through (FT) units, for aggregate total proceeds of up to $300,000.
Each FT unit consists of one flow-through common share and one non-flow-through common share purchase warrant, each warrant entitling the holder to purchase one additional non-flow-through common share of the company at an exercise price of 70 cents per common share for a period of 24 months from the date of issue. The FT shares entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).
In connection with the private placement, the company may pay finders' fees in cash or securities, or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period. The private placement is subject to approval by the TSX Venture Exchange.
The proceeds raised from the FT units will be used to advance the lithium, cesium and tungsten potential of the company's Killick project, and the company will ensure that such Canadian exploration expenses qualify as a flow-through mining expenditure for purposes of the Income Tax Act (Canada), related to the exploration of the company's exploration projects.
The financing remains subject to exchange approval.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.