Vendetta Mining has closed its non-brokered private placement, issuing 39,500,000 units at $0.01 per unit for total proceeds of $395,000. The offering was upsized from the initial $350,000 with TSX Venture Exchange approval. Each unit includes one common share and one warrant, with warrants exercisable at $0.05 per share for 36 months. The proceeds will fund working capital and sustaining project fees. Director Michael Williams acquired 5,000,000 units in the offering. The securities have a 4-month and one-day hold period.
Vendetta Mining Corp. (TSXV: VTT) has announced a non-brokered private placement to raise up to $275,000. The offering consists of up to 27,500,000 units at $0.01 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.05 per share for 36 months. Proceeds will be used for working capital and sustaining project fees. The securities will have a 4-month and one-day hold period. The offering is subject to regulatory and TSX Venture Exchange approval. A finder's fee may be paid on a portion of the proceeds. The securities are not registered under the U.S. Securities Act and cannot be offered or sold in the United States without registration or exemption.
Vendetta Mining Corp. (TSXV: VTT) announces the resignation of Director Jiang Li. The company expresses gratitude for Li's contributions and plans to evaluate opportunities to advance Pegmont under CEO Michael Williams' leadership.
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