Each Unit is comprised of one common share of the Company at the Offering Price for a period of 24 months from the closing date of the Offering.
The subscription by Mr. Adams constitutes a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions of MI 61-101, respectively, as the fair market value of the subject matter of, and the consideration paid in the Offering, in relation to Mr. Adams, does not represent more than 25% of the Company’s market capitalization, as determined in accordance with MI 61-101.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S.
The Visionary team is a first mover in the area which, despite a strong gold mining history, has never been explored using modern geologic techniques.
Such factors include, but are not limited to general business, economic and regulatory risks; capital and operating costs varying significantly from management estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; inflation; fluctuations in commodity prices; delays in the development of projects; and the other risks involved in the mineral exploration and development industry generally.