VenCan Announces Proposed Brokered and Non-Brokered Private Placement

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[{"type":"text","content":"\n\n\n\nTORONTO, July 24 /CNW/ - VenCan Gold Corporation (VCG-TSXV) announces a\nproposed brokered and non-brokered private placement financing of up to\n$650,000 comprising a total of up to 13,000,000 common shares to be sold at\n$0.05 per share and issued on a flow-through basis. No warrants are being\nissued. All securities issued in conjunction with the offering are subject to\na hold period, which expires four months after closing.\n\n\nProceeds of the financing will be used for exploration, property\nacquisition and general working capital.\n\n\nVenCan Gold Corporation's current exploration focus is Ontario where it\nhas three properties - Abitibi West, Moffatt and Mt. Logano. VenCan Gold\nmaintains its website http://www.vencan.com with corporate information,\nreports and images of its exploration projects.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release. This news release\nmay contain forward-looking statements including but not limited to comments\nregarding the timing and content of upcoming work programs, geological\ninterpretations, receipt of property titles, potential mineral recovery\nprocesses, etc. Forward-looking statements address future events and\nconditions and therefore, involve inherent risks and uncertainties. Actual\nresults may differ materially from those currently anticipated in such\nstatements.\n\n\n%SEDAR: 00004007E\n\n\n","length":1497,"tagName":"div"}]

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