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Koerswaardering drie maal hoger dan in Canada.
Overname door south32 zal niet doorgaan denk ik,Duurt te lang.
Vancouver, BC – January 27, 2020 − Vendetta Mining Corp. (VTT-TSX:V) (“Vendetta” or the “Company”) is pleased to announce that it has entered into a into a C$500,000 share subscription facility (“SSF”) agreement with Scharfe Holdings Inc. (“Scharfe”) for a term of 12 months. Such term can be renewed for an additional C$500,000 on the same terms as the original SSF for a period of 12 months at the sole discretion of Scharfe.
Under the terms of the SSF, Vendetta may at any time while this agreement is in effect, send a draw down notice to Scharfe specifying the number of units for which Scharfe will have an obligation to subscribe. Each unit will consist of one common share and one common share purchase warrant (each a “Warrant”). Each Warrant will be exercisable for a period of three years to purchase one common share at an exercise price equal to a 30% premium to price of the units issued. The subscription price per unit will be equal to the higher of: (i) a discount of 10% to the average closing price of the Company’s common shares on the facilities of the TSX Venture Exchange for the 10 consecutive trading days prior to the closing date of the draw down; or (ii) the lowest allowable per unit price under TSX Venture Exchange policies. The draw down process may be repeated as many times as the Company desires during the term of the agreement until the maximum subscription amount of C$500,000 has been subscribed by Scharfe.
Proceeds of the SSF will be used exclusively to make principle payments on the Nebari Loan previously announced on May 8, 2019.
Scharfe will hold freely trading common shares of the Company through a share lending facility provided by Octavian Capital Corp. and Elysium Mining Ltd., private companies respectively controlled by Company directors Michael Williams and Peter Voulgaris.
"We're very pleased with the agreement announced today as the first of a series of important steps we'll be taking in the coming weeks and months towards the re-payment of the Nebari loan and to achieve our other medium-term objectives at Pegmont", commented Michael Williams, President and CEO.
The SSF and any subsequent share issuances thereunder remain subject to the receipt of applicable corporate and regulatory approvals, including approval from the TSX Venture Exchange.
About the Pegmont Lead Zinc Project Vendetta’s 100% owned Pegmont Lead Zinc Project is situated in the Mount Isa – McArthur Mineral Province, Australia which hosts one of the world’s richest endowments of lead-zinc-silver mineralization, including several significant lead-zinc-silver mines.
The current Mineral Resource Estimate at the Project:
Indicated 5,758 Kt @ 6.5% Pb, 2.6% Zn, 11 g/t Ag
Inferred 8,277 Kt @ 5.1% Pb, 2.8% Zn, 8 g/t Ag
The results of a Preliminary Economic Assessment (“PEA”) on Pegmont were released by the Company by news release dated January 28, 2019. The PEA outlined a 10-year mine plan that generates a strong economic return with a (base case) pre-tax IRR of 32% (after tax 24%) and NPV8% of $201M ($128M after tax) using long term consensus metal prices of $0.91/lb lead, $1.09/lb zinc and $16.50/oz silver and a US$:A$ exchange rate of $0.75.
The PEA indicated a strong sensitivity to metal prices and US$:A$ exchange rate with a pre-tax IRR of 37% (after tax 27%) and NPV8% of $249M ($158M after tax), using metal prices as of January 22, 2019 of $0.91/lb lead, $1.18/lb zinc and $15.30/oz silver and a US$:A$ exchange rate of $0.71.
The PEA identified further project enhancements and Vendetta has identified several high priority exploration targets.
Stock Options: Shares Expiry Date
Exercise Price: $0.15 5,075,000 December 01, 2021
Exercise Price: $0.30 4,850,000 October 17, 2022
Warrants: Shares Expiry Date
Exercise price: $0.30 4,864,444 September 20, 2020
Exercise Price: $0.30 1,185,116 October 17, 2020
Exercise Price: $0.15 2,886,250 June 3, 2021
Exercise Price: $0.13 11,533,332 July 30, 2022
Performance Shares: 2,700,000 May 2020
Fully Diluted: 207,360,586
Vancouver, BC – February 11, 2020 - Vendetta Mining Corp. (VTT-TSX:V) (“Vendetta” or the “Company”) is pleased to announce a non-brokered private placement of up to 11,000,000 units (the “Units”) at a price of $0.05 per Unit for gross proceeds of $550,000. Each Unit will be comprised of one common share and one common share purchase warrant exercisable for three years at a price of $0.075 per share.
The private placement is subject to the approval of the TSXV and the securities will be subject to a four-month hold period under securities laws. Net proceeds from the financing will be used to advance the development of the Pegmont Lead-Zinc project and for general working capital.
Vancouver, BC – February 10, 2020 - Vendetta Mining Corp. (VTT-TSX:V) (“Vendetta” or the “Company”) is pleased to announce the positive results of the material sorting test work using commercial X-ray Transmission (“XRT”) material sorters.
The purpose of the material sorting test work was to determine the suitability of the XRT sensors to differentiate potential mill feed from waste material at Pegmont.
At Pegmont the potential advantages of XRT material sorters is that they could allow plant feed material to be screened prior to grinding and flotation, removing lower density external dilution (waste) and lower grade internal dilution (material below cut off).
Potential capital cost savings occurs through the reduced mill throughput while potential operating costs savings occur through reduced water and reagent usage, less pumped tails and lower energy requirements. The sorted waste product is ejected and stacked for dry disposal. Flotation recovery often improves with increasing head grade, such a relationship exists in the metallurgical test work performed at Pegmont to date, (see Section 13 of the Pegmont PEA). The higher head grades obtained from the ore sorted product are anticipated to result in enhanced flotation recovery.
The Company tested two drill hole intersections from Zone 5 and one from Zone 2. The sulphide intersections were selected in order to test different lead to zinc ratios (Zone 5 vs Zone 2) and internal grade distributions. All samples included diluting quartzite material from the hangingwall and footwall. The material sorter test work was performed at TOMRA’s testing facility in Sydney, Australia. The resulting sorted product and reject material was inspected and described by a Companies Geologist prior to submission to ALS for final assays.
The conclusions of the XRT ore sorting preliminary test work on the three drill intervals are:
• Successfully removed the external dilution from the samples; and
• Successfully removed internal diluting material from within the higher-grade intervals;
Material sorting test summary:
• Total mass tested 139.2 kg
• Mass pull (weight % of feed recovered): ranged from 44.3% to 70.6%, a weighted average of 62.3%
• Lead grade improvement 18 to 88%, a weighted average of 42%
• Zinc grade improvement 21 to 72%, a weighted average of 38%
• Lead recoveries ranged from 83.2% to 90.2%, a weighted average of 88.5%
• Zinc recoveries ranged from 76.4% to 92.2%, a weighted average of 85.9%
Vendetta cautions that while these results are highly encouraging, they are preliminary, in order to apply material sorting results in an updated PEA study pilot scale test work is necessary. TOMRA are recommending 600 kg of material is required for each ore type at Pegmont.
Vendetta plans to pursue this test work and expects these samples will be obtained from the next drilling program. Samples will be obtained from Zone 1 transition, Zone 2-3 sulphide and Zone 5 sulphide.
Vendetta Closes First Tranche of its Non-Brokered
Vancouver, BC – May 6, 2020 - Vendetta Mining Corp. (VTT-TSX:V) (“Vendetta” or the “Company”) is pleased to announce that the Company has requested from the TSX Venture Exchange an increase of its previously announced non-brokered private placement (the “Private Placement”) of up to 11,000,000 units (the “Units”) to 20,000,000 Units for gross proceeds of $800,000.
The Company has closed the first tranche of the Private Placement with a total of 13,962,050 units being issued at a price of $0.04 per Unit for gross proceeds of $558,482. Each Unit comprises of one common share and one common share purchase warrant exercisable for three years at a price of $0.06.
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 $7,798 were paid in association with the proceeds of this private placement.
Cancellation of Stock Options
The Company also announces certain directors, officers and consultants of the Company have agreed to cancel 9,925,000 incentive stock options, at strike prices of $0.15 and $0.30, previously issued.
Company will have no stock options outstanding under its rolling 10% stock option plan and the Company does not intend to or re-issue any options at these current levels.
About Vendetta Mining Corp.
Vendetta Mining Corp. is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties with an emphasis on lead and zinc. It is currently focused on advancing the Pegmont Lead Zinc project in Australia. Additional information on the Company can be found at www.vendettaminingcorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS
President & CEO
1) Page 6, Material Sorting – 2020 Test Work – the Company will be following up with the highly successful results of the 2020 test work
2) Page 13, Resource Growth Slide - demonstrates the significant expansion of the Pegmont resource and the successful upgrading of the resource to date. We can know focus on adding value by growing the resource.
3) Page 10, Updated Corporate Structure – Please note, the Company has cancelled all Company Options, there are no plans to issue Options to Officers or Directors at the current share price.
4) Page 18, Nebari Holdings LLC – Vendetta has paid 100% of the interest and the principle payment to date
President & CEO
https://vendettaminingcorp.com/wp-conte ... EV-VTT.pdf
we moeten dit voorlopig wel relativeren want het gaat uiteindelijk maar over 33.000 euro.
ik ben benieuwd voor de komende uren en dagen.