Vatic Ventures Corp. is Back

ZURICH, SWITZERLAND / ACCESSWIRE / July 18, 2016 / Today, Stephan Bogner from Rockstone Research published an initiating coverage on Vatic Ventures Corp. (TSX.V: VCV.H) as on July 12 the company has filed with the TSX Venture Exchange the preliminary documents required for the approval of the acquisition of 80% of Saksrithai Development Co. Ltd.

As a result of filing the preliminary documents together with its annual financial statements with various applicable securities commissions, the company’s cease trade order has been revoked and its shares have been reinstated for trading effective July 14.

Rockstone is starting to follow Vatic’s corporate developments and will report, once materialized, more details on its intent to acquire 80% of the issued and outstanding shares of Saksrithai Development Co. Ltd., a Thailand company holding 2 Special Prospecting Licences (“SPL”) for the exploration of potash in northern Thailand’s prolific Khorat Basin, which contains a relatively large evaporate basin of Cretaceous age. The Dan Khun Thot Project from Thai Kali Ltd. is located adjacent to, and contiguous with Saksrithai’s licence area which Vatic intends to acquire. Dan Khun Thot’s initial mineable reserve has been estimated to be 103 million t at an average potash grade of 21.5% KCl. Both sylvinite (up to 5 m thick) and carnallite (up to 60 m thick) are present in drill holes.

The full report can be accessed with the following links:

English (PDF):

http://rockstone-research.com/images/PDF/Vatic1en.pdf

English (web version):

http://rockstone-research.com/index.php/en/research-reports/1251-Vatic-Ventures-is-back

German (PDF):

http://rockstone-research.com/images/PDF/Vatic1de.pdf

Disclaimer:
Please read the full disclaimer within the full research report as a PDF as
fundamental risks and conflicts of interest exist.

SOURCE: Rockstone Research

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