Vantex Resources Ltd.

Vantex Resources Ltd.

May 03, 2011 12:14 ET

Vantex Completes a $193,400 Financing in Common Share Units

LA PRAIRIE, QUEBEC--(Marketwire - May 3, 2011) - Vantex Resources Ltd. (the "Company")(TSX VENTURE:VAX) is pleased to announce the completion of a $193,400 non-brokered financing.

The Company sold 193.4 Common Shares Units at a purchase price of $1,000 per Unit, for a total amount of $193,400. Each Unit consists of 2,857 common shares at a price of $0.35 per share and 2,857 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 twelve months from the date of issuance, at a purchase price of $0.44 per share. These funds will be allocated for general working capital purposes.

The securities issued as part of this financing 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 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.

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