Vantex Resources Ltd.
TSX VENTURE : VTX

Vantex Resources Ltd.

November 01, 2007 18:25 ET

Vantex Completes a $80,000 Financing

LA PRAIRIE, QUEBEC--(Marketwire - Nov. 1, 2007) - Vantex Resources Ltd. (TSX VENTURE:VTX) is pleased to announce the completion of a $80,000 non-brokered financing. The Company will issue a total of 800,000 common shares of the Company at a price of $0.10 per share and a total of 800,000 warrants. Each warrant is valid for the purchase of one additional share of the Company at a price of $0.13. The warrants will be exercisable for one year after the closing. Insiders participated in this financing. These shares are subject to a 4-month minimum hold period. This financing is subject to the approval of the TSX Venture.

In connection with the private placement, a cash commission will be paid out to Francois Simard, a non-related party, for an amount of $2,500.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information