2014-02-18 22:38:45 -
Toronto, Ontario CANADA, February 18, 2014 /FSC/ - Vendome Resources Corp. (VDR - TSX Venture), ("Vendome")is pleased to announce the closing of its non-brokered private placement offering on February 18, 2014, pursuant to which an aggregate of 650,000 units ("Unit") were sold at a price of $0.05 per Unit, raising gross proceeds of $32,500. Each Unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share of the Company at a price of $0.10, if the warrant is exercised within the first 12 months from the closing date and at a price of $0.15 for an additional 6 month period.
The aggregate gross proceeds raised from
the sale of the Shares under the Offering will be used by the Company for general working capital.
No Finder's Fees were paid for this offering.
The securities issued under the Offering are subject to a 4 month holding period.
The private placement has been conditionally approved and is tentative to final approval by the TSXV.
On behalf of the Board of Directors,
W. John Priestner,
President and Chief Executive Officer
For more information, please contact:
Vendome Resources Corp.
T: (647) 932-1604
To view this press release as a PDF file, click onto the following link:
Source: Vendome Resources Corp. (VDR-TSX-V)
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