Vedron Gold Inc.

Vedron Gold Inc.

September 07, 2005 16:05 ET

Vedron Gold Inc.: Financing Announcement

TORONTO, ONTARIO--(CCNMatthews - Sept. 7, 2005) - Vedron Gold Inc. (TSX VENTURE:VG) today announced a non-brokered private placement with Sprott Asset Management of 5,000,000 common share units of the Company at $0.25 per unit for a total gross proceeds of $1,250,000. 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 $0.35 per share for a period of 18 months following the closing date. The private placement is subject to regulatory approval. Gross proceeds from the private placement will be used for exploration on the Company's mineral properties in Ontario and working capital. The shares will be subject to a four month hold period. Selling agents will be entitled to receive a finder's fee of 5% of the number of common shares placed.

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)