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Vanadian Energy Corp. 
Listed Company 

URACAN RESOURCES LTD. ("URC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 12, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced May 24, 2016:

FIRST TRANCHE:

Number of Shares: 28,127,500 shares

Purchase Price: $0.05 per share

Warrants: 6,063,750 share purchase warrants to purchase 6,063,750 shares

Warrant Exercise Price: $0.10 for a one year period

Number of Placees: 42 Placees

Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Clive Johnson Y 6,500,000
Gordon Keep Y 1,500,000
Tom Garagan Y 600,000
Fiore Management & Advisory Y 1,600,000

Aggregate Pro Group Involvement
[ 9 Placees] 4,650,000

Finder's Fee: $9,593.25 payable to Secutor Capital Management Corporation
$7,500 payable to Haywood Securities Inc.
$2,250 payable to PI Financial Corp.
$8,400 payable to BMO Nesbitt Burns
$6,750 payable to Raymond James Ltd.
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