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VAX Vantex Resources Ltd

0.05
0.00 (0.00%)
27 Jun 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% 0.05 0.035 0.05 0.05 0.04 0.05 50,000 21:00:05

Vantex Raises $123,600 in Flow-Through Units

23/07/2013 9:30pm

Marketwired Canada


Vantex Resources Ltd. (the "Company") (TSX VENTURE:VAX) is pleased to announce
the completion of a $123,600 non-brokered financing. 


The Company sold 103 Flow-Through units (the "FT Units") at a purchase price of
$1,200 per FT Unit, for a total amount of $123,600. Each FT Units consists of
18,000 flow-through common shares and 2,000 common shares at a price of $0.06
per share and 10,000 common share purchase warrants. Each whole warrant will
entitle the holder to purchase one additional common share in the capital of the
Company for a period of 12 months from the date of issuance, at a purchase price
of $0.10 per share. 


Proceeds of the FT Units will be used for the continuation of exploration of the
Galloway property 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 2013 taxation year. 


Company insider participated to this financing for an amount of $10,800. No
commission was paid for this financing.


The securities issued as part of this placement are subject to a minimum hold
period of four-month-and-one-day period and subject to the approval of 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Source :
Guy Morissette
CEO
819-763-5096
www.vantexressources.com


For information :
Wayne Carlon
VP Business development
902-857-1043
waynecarlon@eastlink.ca

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