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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Venerable Ventures Ltd | TSXV:VLV | 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% | 0.105 | 0.09 | 0.175 | 0 | 21:00:13 |
Each Unit consists of one common share of Venerable (each, a "Share") and one common share purchase warrant, with each warrant entitling the holder to purchase an additional Share at a price of $0.60 per Share for 12 months from the date of issuance, subject to a right of call of the Company under certain conditions.
Each FT Unit consists of one Share, issued on a "flow-through" basis (each, an "FT Share") and one common share purchase warrant, with each, warrant entitling the holder to purchase an additional Share at a price of $0.60 per Share for 12 months from the date of issuance, subject to a right of call by the Company under certain conditions. Each FT Share entitles the investor to the tax benefits of the qualifying Canadian exploration expenses incurred by the Company prior to December 31, 2011.
The Company paid a finder's fee to a finder in connection with the completion of the Offering consisting of: (i) a cash fee equal to 8% of the proceeds of any Units or FT Units placed by the finder and (ii) the issuance of warrants equal to 8% of the Units or FT Units placed by the finder (the "Broker Warrants"). All securities to be issued pursuant to the Offering, including the Broker Warrants, are subject to a four-month hold period. The Company has received conditional approval from the Exchange for the Offering.
The Company will use the proceeds of the Offering for its Trout Property, located in the area of the Nechako Plateau, British Columbia, and for general working capital purposes.
For more information, please refer to press releases which are available on SEDAR at www.sedar.com.
About the Company
Venerable is a Canadian natural resource company engaged in the acquisition, exploration and development of mineral properties, with its primary focus on the Trout Property.
ON BEHALF OF THE BOARD
VENERABLE VENTURES LTD.
Ryan Sharp, President, Chief Executive Officer and Director
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.
Contacts: Venerable Ventures Ltd. Ryan Sharp President and CEO (604) 647-0146 ryan@venerableventuresltd.com Venerable Ventures Ltd. Investor Relations (604) 647-0146 (604) 647-0143 (FAX) ir@venerableventuresltd.com www.venerableventuresltd.com
1 Year Venerable Ventures Chart |
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