Vulcan Minerals Inc.

Vulcan Minerals Inc.

December 14, 2010 12:53 ET

Vulcan Minerals Inc.-Closes Private Placement

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Dec. 14, 2010) - Vulcan Minerals Inc. ("the Company") (TSX VENTURE:VUL) announces that it has issued by way of a non-brokered private placement 666,666 flow-through shares at $0.45 per share for total proceeds of $300,000 which will be used to fund the Company's ongoing exploration activities in western Newfoundland.

The shares will have a four month hold period (April 14, 2011) as per applicable securities law. Finders fees in the amount of $9,000 have been paid in respect to the financing to Limited Market Dealer Inc. 

Vulcan is a diversified junior exploration company focused on petroleum exploration in the under-explored western Newfoundland and Labrador areas and also holds mineral interests in areas strategic to its operations in Newfoundland and Labrador.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

There can be no assurance that forward-looking information will prove to be accurate. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise

Shares Issued: 55,127,907

Contact Information