Volcanic Metals Corp.
TSX VENTURE : VOL

Volcanic Metals Corp.

April 14, 2010 13:01 ET

Volcanic Arranges $1.5-million Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 14, 2010) - Volcanic Metals Corp. (TSX VENTURE:VOL) ("Volcanic") has arranged a non-brokered private placement of up to six million units at a price of $0.25 cents per unit for gross proceeds of up to $1.5-million. Each unit will comprise one common share and one-half of a share purchase warrant, with a whole warrant entitling the holder to purchase a common share at a price of $0.40 cents for a period of two years from closing.

The proceeds of the private placement will be used for mineral property exploration and for general working capital. The securities issued pursuant to the private placement will be subject to a hold period of four months and one day from the date of issuance. Completion of the private placement and payment of finders' fees, if any, are subject to the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD
VOLCANIC METALS CORP.
/s/ John LaGourgue
John LaGourgue
President, Chief Operating Officer and Director

Neither 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.

Contact Information