Vatic Ventures Corp. (TSXV:VCV) announced a non-brokered private placement of 10,000,000 non flow-through units at a price of CAD 0.06 per unit for gross proceeds of CAD 600,000 on January 20, 2014. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share at CAD 0.10 for a period of 36 months from the closing date. The company may accelerate the expiry of the warrants if the closing trading price for the company's common shares is at or above a price of CAD 0.25 for 10 consecutive trading days. The company may accelerate the expiry date of the warrants to a date that is the later of 30 days from either the date of the notice or the date that all hold periods attaching to the shares consisting the units expire. The transaction is subject to the approval of the TSX Venture Exchange. The company may pay finder's fees in the transaction in shares, warrants, or cash or any combination of all of them.

On February 28, 2014, the company announced that it has received CAD 43,999.98 in the first tranche close. The company issued 733,333 units in the first tranche. The company paid finder's fees of CAD 2,400 in cash and 40,000 agent's warrants to Wolverton Securities Ltd. for the first tranche. The securities issued in the first tranche have a hold period till June 26, 2014. The TSX Venture Exchange has accepted filing documentation with respect to first tranche. The transaction included participation from 3 placees including existing investor Fireband Ventures for 166,666 shares.