TORONTO, ONTARIO--(Marketwired - Aug. 30, 2013) - Vendome Resources Corp. (TSX VENTURE:VDR)(FRANKFURT:9VR), ("Vendome Resources Corp." or the "Company") is pleased to announce the closing of its non-brokered private placement offering, pursuant to which an aggregate of 2,000,000 units (the "Units") were sold at a price of $0.05 per Unit, raising gross proceeds of $100,000. Each Unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share of the Company at a price of $0.10, if the warrant is exercised within the first 12 months from the closing date and at a price of $0.15 for an additional 6 month period.
The aggregate gross proceeds raised from the sale of the Shares under the Offering will be used by the Company for general working capital.
No Finder's Fees were paid for this offering.
The securities issued under the Offering are subject to a 4 month holding period.
The private placement has been conditionally approved and is tentative to final approval by the TSXV.
On behalf of the Board of Directors,
Franz Kozich, CEO & President
About Vendome Resources Corp.
Vendome Resources Corp. is a mining exploration company located in Toronto, ON Canada.
Our primary exploration focus is advancing our flagship properties, San Javier and La Diana which are located in the heart of the Sierra Madre Del Sur precious metal belt in the State of Guerrero, Mexico. The two properties encompass an area of over 15,000 hectares and have reported high grade silver grab samples, up to 15,000 g/t on its San Javier Property.
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's anticipated use of proceeds and renunciation, the completion of the Non- Brokered Financing and the timing related thereto as well as the potential gross proceeds to be raised in connection with the Non- Brokered Financing. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to obtain TSX Venture Exchange approval of the Offering and the Non-Brokered Financing, general business and economic uncertainties, future mineral prices and adverse market conditions, as well as those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information (such assumptions including that the Non-Brokered Financing will be completed) in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the 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.