Vedron Gold Inc.

Vedron Gold Inc.

September 14, 2005 16:15 ET

Vedron Gold Inc.: Financing Announcement

TORONTO, ONTARIO--(CCNMatthews - Sept. 14, 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 $0.25 per unit, for 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. An additional 250,000 shares have been issued for payment of a finders fee.

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

SHARES: 54,558,947

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)