Vancouver (pcJ News Breifs) – Vendetta Mining Corp. (TSX-V: VTT) intends to close a private placement of up to 15 million units at $0.20 per unit to raise gross proceeds of $3.0 million.
Each unit will comprise one common share and one half common share purchase warrant at an exercise price of $0.30 for a period of two years following the closing of the financing.
Net proceeds of the private placement will be used to advance the development of the Pegmont Lead-Zinc Sulphide project.
Vendetta Mining Corp. is a Canadian junior exploration company focused on advanced stage exploration and development at the Pegmont Lead Zinc Project in Australia. Vendetta has an option to acquire a 100% interest by completing certain work requirements and making option and advance royalty payments.
photo credit: Vendetta Mining