TORONTO, ONTARIO--(Marketwired - July 25, 2016) - VENDOME RESOURCES CORP. (the "Company") (TSX VENTURE:VDR) (FRANKFURT:9VR), is pleased to announce that the TSX Venture Exchange has accepted the filing documentation relating to the Company's agreement to acquire a 100% interest in the Clinton Manganese Project owned equally by Geomap Exploration Inc. and Larry Nemeth, located near Clinton, British Columbia (the "Transaction"), as previously announced on March 8, 2016. The agreement calls for a payment of $20,000 and the issuance of 12,000,000 common shares. In addition, a finder's fees of 1,400,000 common shares will be issued in relation to the acquisition of the Clinton Manganese Project.
The Company will move to close the Transaction in due course and will issue the common shares to the vendors and the finder's fee common shares immediately. All securities issued by the Company in connection with the Transaction will be subject to a statutory four month hold period.
Vendome is a mineral exploration company located in Burlington, Ontario, Canada. Our primary focus is to acquire "near-term production" exploration mining projects and existing producers. Vendome Resources Corp. is managed by an experienced team of mining professionals with extensive operating and financial experience.
ON BEHALF OF THE BOARD OF DIRECTORS OF VENDOME RESOURCES CORP.
W. John Priestner, President and Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements:
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.
This news release contains "forward-looking information" including statements with respect to the future exploration performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company's filing on SEDAR, which investors are encouraged to review prior to any transaction involving the securities of the Company. Forward-looking information contained herein is provided as of the date of this news release and the Company disclaims any obligation, other than as required by law, to update any forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not to place undue reliance on such forward-looking information.