Verena Minerals Corporation

Verena Minerals Corporation

December 21, 2006 18:24 ET

Verena Minerals Corporation Closes Private Placement

TORONTO, ONTARIO--(CCNMatthews - Dec. 21, 2006) - Verena Minerals Corporation ("Verena") (TSX VENTURE:VML) announces that it has closed the private placement previously announced on December 19, 2006, whereby Verena issued 250,000 common shares at a price of $0.57 per common share for gross proceeds of $142,500. The private placement was completed on a non-brokered basis. The common shares issued under the placement are subject to a 4 month hold period. The proceeds from the placement will be used for working capital.

Verena Minerals Corporation is focused on the exploration and development of gold projects in Brazil. Through its wholly-owned Brazilian subsidiaries, Verena controls over 100,000 hectares of prospective exploration concessions covering major mineralized belts. Verena has two other gold projects in Brazil including the Monte do Carmo Project, in Tocantins State, and the Patrocinio Project, in Para State currently being explored through joint-ventures with Kinross Gold Corporation.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Verena Minerals Corporation
    Stephen Shefsky
    President and CEO
    (416) 924-4337