ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

VAX Vantex Resources Ltd

0.055
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Vantex Resources Ltd TSXV:VAX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.055 0.05 0.06 0 01:00:00

Vantex Increases Flow Through Financing to a Maximum of $2,100,000

26/07/2010 5:24pm

Marketwired


Vantex Resources (TSXV:VAX)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more Vantex Resources Charts.

Vantex Resources Ltd. (the "Company"), (TSX VENTURE: VAX) announces that it will increase the previously announced $1,700,000 financing, to a maximum of $2,100,000 due to increased investor demand.

Vantex has therefore entered into an amended agreement with Jones, Gable & Company Limited ("Jones, Gable") in respect of a brokered private placement financing consisting of up to 2,100 units (the "Units") at a purchase price of $1,000 per Unit to raise gross flow-through proceeds of up to $2,100,000 (the "Private Placement") on a commercially reasonable effort agency basis.

The Units will consist of eight (8,000) flow-through common shares at a price of $01.0 per share, two thousand (2,000) common shares at a price of $0.10 per share and five thousand (5,000) common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share in the capital of the Company for a period of twelve months from the date of issuance, at a purchase price of $0.15 per share.

Proceeds of the Units will be used for general working capital purposes and to incur general exploration expenses in Quebec. The expenses will constitute Canadian exploration expenses and flow-through mining expenditures (as defined in the Income Tax Act (Canada)), which can be renounced to purchasers for the 2010 taxation year. The securities issued will be subject to a hold period of four months and one day.

Proceeds of the Private Placement will be used for the development of the Galloway-Pitchvein area. The Private Placement will be subject to approval by the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Contacts: Source: Guy R. Morissette, CEO For information: Francois Marcotte CFO & Investor Relations 514-685-9880 francois-marcotte@videotron.ca www.vantexressources.com

1 Year Vantex Resources Chart

1 Year Vantex Resources Chart

1 Month Vantex Resources Chart

1 Month Vantex Resources Chart

Your Recent History

Delayed Upgrade Clock