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vendetta mining corp

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kopke1
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Re: vendetta mining corp

Bericht door kopke1 »

Vendetta Closes Final Tranche of its Non-Brokered Private Placement and Resignation and Appointment of CFO

Vancouver, BC – July 2, 2020 - Vendetta Mining Corp. (VTT-TSX:V) (“Vendetta” or the “Company”) is pleased to announce that it has closed the final tranche of its previously announced Private Placement with a total of 6,326,138 units being issued at a price of $0.04 per Unit for gross proceeds of $253,045.52. Each Unit comprises of one common share and one common share purchase warrant exercisable for three years at a price of $0.06. Together with the proceeds from the first tranche, the Company issued 20,288,188 units for a total of $811,527.52. All securities issued and issuable under the Private Placement are subject to a four-month hold period from the date of closing of the Private Placement, in addition to any other restrictions under applicable law.

Net proceeds from the financing will be used to advance the development of the Companies 100% owned Pegmont Lead-Zinc project and general working capital.

Total commissions of $5,040 were paid in association with the proceeds of the final tranche of the private placement.

Resignation and Appointment of CFO
The Company also announces Jasmine Lau has resigned her position as Chief Financial Officer (“CFO”), Ms. Lau is an associate of Red Fern Consulting Ltd. (“Red Fern”), which provides the Company with accounting services. The Company has appointed Mr. Alastair Brownlow, a senior consultant with Red Fern, to the position of CFO, effective June 23, 2020.

Mr. Brownlow is a Chartered Professional Accountant and a U.S. Certified Public Accountant (Washington) specializing in resource-focused accounting and finance. Mr. Brownlow has accumulated extensive experience working as CFO for TSX:V listed exploration, development and production companies. Mr. Brownlow previously occupied the position of Audit Associate at Davidson & Co. LLP and Assistant Manager at Baker Tilly (BVI) Ltd. Mr. Brownlow has a Bachelor of Business Administration degree with first class honours from Simon Fraser University.

Michael Williams, CEO commented: “We would like to thank Ms. Lau for her contribution to the Company over the last two and a half years and wish her well with her future endeavours. I would like to welcome Mr. Brownlow to the Company and thank he and Ms. Lau for ensuring a smooth transition.”





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kopke1
Forum actieveling
Forum actieveling
Berichten: 269
Lid geworden op: 15 nov 2013 21:36
waarderingen: 120
Contacteer:

Re: vendetta mining corp

Bericht door kopke1 »

sinds de afronding van de laatste kapitaalsverhoging schijnt er opnieuw vertrouwen te zijn in het aandeel. aan grote volumes sindsdien gestegen van 0,04 naar 0,075 cad. Hopelijk komt er nu ook wat vaart in het lood-zink project "Pegmont" in Australie
HoubyTelli liked last!

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