$VSBGF to announce that it has closed its previously announced public offering of 18,400,000 units of the Company (the "Units" at a price of $0.50 per Unit for aggregate gross proceeds of $9,200,000 (the "Offering" , including the full exercise of the Agent's (as defined herein) over-allotment option.

Each Unit is comprised of one common share (a "Common Share" and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant" . Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.65 until June 29, 2024. The Warrants are expected to commence trading on the Canadian Securities Exchange under the symbol "VSBY.WT.A" on June 30, 2021.

The Offering was conducted on a commercially reasonable "best efforts" basis by Echelon Wealth Partners Inc. (the "Agent" . As compensation, the Company paid to the Agent a cash fee of approximately $644,000 and issued to the Agent an aggregate of 1,288,000 Warrants (the "Agent's Warrants" . Each Agent's Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.50 per Common Share until June 29, 2024.

https://finance.yahoo.com/news/vsblty-announc...00119.html