VanadiumCorp Resource Inc (TSX-V:VRB) has canceled its announced non-brokered private placement financing of up to $1 million for flow-through and non-flow-through units.
Investors awaiting closing will receive refunds promptly. Following the appointment of a new Board of Directors and management team at the July 2, 2024 shareholder meeting, the company is reassessing its financial position.
A revised financing plan is anticipated to be unveiled within the next week, VanadiumCorp said.