Business
Vendetta Closes Second Tranche of Its over Subscribed Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2021) - Vendetta Mining Corp. (TSXV...
About this update from Vendetta Mining Corp.
[{"type":"text","content":"Vendetta Closes Second Tranche of Its over Subscribed Non-Brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - October 25, 2021) - Vendetta Mining Corp. (TSXV: VTT) (\"Vendetta\" or the \"Company\") is pleased to announce that is has closed the second tranche (the \"Second Tranche\") of its non-brokered private placement. Combined with the first tranche of the private placement a total of 18,565,440 units were issued at a price of $0.05 per unit for gross proceeds of $928,272. Each Unit comprises of one common share and one half of one common share purchase warrant exercisable for three years at a price of $0.07. 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 private placement will be used to advance the development of the Companies 100% owned Pegmont Lead-Zinc project and general working capital. Fees of $16,295 were paid in association with the first and second tranches of the private placement.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\"Michael Williams\"Michael WilliamsPresident & CEO604-484-7855The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.Cautionary Note Regarding Forward-Looking InformationCertain disclosure in this release, including statements regarding the Private Placement, may constitute \"forward-looking information\" within the meaning of Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that: the Company will obtain the necessary regulatory approvals for the Private Placement. However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed o...