Business
Vendome Capital II Corp. Files Amended Filing Statement
Vendome Capital II Corp. Files Amended Filing Statement
About this update from Richmond Minerals Inc.
[{"type":"text","content":"\nVendome Capital II Corp. Files Amended Filing Statement\n\n\n Apr. 9, 2010 (Filing Services Canada) -- Vendome Capital II Corp. (VCT.P - TSX Venture), a capital pool company, is pleased to announce that it filed an amended Filing Statement on SEDAR regarding its proposed qualifying transaction that was previously disclosed in its September 8, 2009 (the ?Transaction?) press release for which it received conditional approval from the TSX Venture Exchange (the ?Exchange?) in December 2009 and for which the original Filing Statement was filed on SEDAR January 28, 2010 (the ?Original Filing Statement?).Upon completion of the Transaction, the Corporation will have executed an Earn in Option Agreement (?Agreement?) with Richmond Minerals Inc. (?Richmond?).  The Agreement will permit Vendome to earn a 51% interest in the Guibord Property (the ?Property?) as described in the Original Filing Statement, upon the payment of CA$25,000 and 600,000 common shares of Vendome to Richmond within one year of receiving the Final Exchange Bulletin, as well as incurring a minimum of CA$250,000 in exploration expenditures within 2 years of the Final Exchange Bulletin.The Corporation previously contemplated completing an equity offering of up to 4,283,217 common shares and 4,283,217 common share purchase warrants in conjunction with the Transaction, as more particularly set out in the Original Filing Statement.  The Pro Forma Financial Statements of the Corporation, dated August 31, 2009, contained in the Original Filing Statement were prepared in contemplation of the completion of this unit offering.The Corporation now proposes to complete a debenture financing of $535,000 as more particularly described in the amended Filing Statement (the ?Debenture Financing?).  The salient terms of the Debenture Financing would be for a term of 18 months, bearing no interest and with the issuance of 1,900,000 purchase warrants (the ?Purchase Warrants?) to investors.  Each Purchase Warrant would entitle the holder to purchase one common share of the Corporation at a price of $0.15 per common share until October 11, 2011.  A 10% commission up to $10,000 will be paid to Norstar Securities LP, as broker for the Debenture Financing as well as a corporate finance fee of 315,000 broker warrants (the ?Broker Warrants?).&#x...