Visionary Metals Corp. announced a non-brokered private placement of up to 18,750,000 units at a price of CAD 0.08 per unit for the gross proceeds of CAD 1,500,000 on August 17, 2023. Each unit will comprised of one common share of the company and one-half common share purchase warrant.

Each warrant will entitle the holder thereof to acquire one common share of the company at a price of CAD 0.12 for a period of three years from the closing date of the offering. The company may pay finders' fees in connection with the offering. The transaction is expected to close on or about September 18, 2023.

The transaction is subject to the approvals of all necessary regulatory authorities including the approval of the TSX Venture Exchange. The unit shares, warrants and warrant shares will be subject to a hold period of four months and one day in accordance with applicable securities laws.