2013-12-09 19:38:45 -
Toronto, Ontario CANADA, December 09, 2013 /FSC/ - Vendome Resources Corp. (VDR - TSX Venture, 9VR - FRANKFURT),is pleased to announce it will conduct a non-brokered flow-through private placement of up to 2,000,000 flow-through common shares of Vendome (a "FT Share") at a price of $0.10 per FT Share for gross proceeds of $200,000, plus one common share purchase warrant of the Company (a "Warrant"). Each Warrant entitles the holder thereof to purchase one non-flow-through common share of the Company at a price of $0.20 per Common Share for a period of 18 months following the Closing Date.
Proceeds from the Financing will be used primarily to fund a drilling exploration program on the Company's Ivanhoe Lake Property.
pay a finder's fee on a portion of the Financing in accordance with TSX Venture Exchange (the "Exchange") guidelines. All securities issued under the Financing will be subject to a four month hold period from the date of closing. The proposed Financing is subject to approval from the Exchange.
Vendome is a mining exploration company located in Toronto, Canada. Our primary focus is to advance our flagship properties, San Javier, La Diana and San Miguel, which are located in the heart of the Sierra Madre del Sur precious metal belt, in the State of Guerrero, Mexico. The three properties encompass an area of over 17,000 hectares and have reported high grade silver samples of up to 15,000 g/t.
ON BEHALF OF THE BOARD OF DIRECTORS OF VENDOME RESOURCES CORP.
W. John Priestner, President and Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements:
This news release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding proposed exploration activities. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as; believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the market for precious metals or other minerals that may be produced generally, recent market volatility, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's reports filed on SEDAR at www.SEDAR.com for a more complete discussion of such risk factors and their potential effects.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Vendome Resources Corp.
T: (647) 932-1604
to view the press release as a PDF file, please click on the following link:
Source: Vendome Resources Corp. (VDR-TSX-V)
Maximum News Dissemination by FSCwire. www.fscwire.com