Vedron Gold Inc.

Vedron Gold Inc.

August 31, 2005 11:22 ET

Vedron Gold Inc. Financing Announcement

TORONTO, ONTARIO--(CCNMatthews - Aug. 31, 2005) -

Vedron Gold Inc. (TSX-V:VG) today announced the completion of a non-brokered private placement of 5,000,000 units of the company at $0.15 per unit, for gross proceeds of $750,000. A further 500,000 units are being issued as finders' fees. Each unit consists of one common share and one-half of one common share purchase warrant. Each full warrant entitles the holder to purchase one common share of the Company at a price of $0.20 per share for a period of 18 months following the closing date.

Proceeds from the private placement will be used for the Company's operating expenses and work on the Company's mineral properties in Ontario. The shares are subject to a four month hold period.

SHARES: 49,308,947

The TSX Venture Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Vedron Gold Inc.
    Thomas Meredith
    (416) 368-0099
    (416) 368-1539 (FAX)