10:29 AM EST - Volcanic Gold Mines Inc. : Announced a proposed non-brokered private placement of a minimum of 12,000,000 units of Volcanic at a price of $0.25 per unit for proceeds of a minimum of $3,000,000. Each Unit will consist of one common share and one-half of one Common Share purchase warrant. Each whole Warrant will entitle the holder to purchase one Common Share at a price of $0.30 for a term of 24 months following the closing of the Private Placement. Volcanic Gold Mines Inc.
shares V.VG are trading up $0.03 at $0.30.
