Vantex Completes a $56,700 Financing
LA PRAIRIE, QUEBEC, Jul 09 (MARKET WIRE) --
Vantex Resources Ltd ("Vantex" or the "Company")(TSX VENTURE: VTX)
announces that the Company has completed a non-brokered private placement
for an amount of $56,700. Vantex will issue 24 Units of the A Unit and 30
Units of the B Units, at a price of $1,050 per Unit.
Each A unit consists of 12,000 flow-through common shares of the Company
and 3,000 common shares of the Company at a price of $0.07 per share as
well as 7,500 common share purchase warrants. Each warrant entitles its
holder to purchase one common share of the Company at the purchase price
of $0.10 per common share at any time 12 months after the closing date.
Each B unit consists of 17,500 common shares of the Company at a price of
$0.06 per share and 17,500 common share purchase warrants. Each warrant
entitles its holder to purchase one common share of the Company at the
purchase price of $0.08 per common share at any time 12 months after the
closing date.
The Units sold under the Offering are subject to a four-month hold
period, and to the approval of the TSX Venture exchange.
Vantex has paid cash commissions of $1,365 to Gaetan Rodrigue and
$2,152.50 to Jean-David Moore in relation to this financing.
The TSX
Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
Contacts:
Source:
Vantex Resources Ltd.
Guy R. Morissette, CEO
Vantex Resources Ltd.
Francois Marcotte
CFO & Investor Relations
514-685-9880
francois-marcotte@videotron.ca
www.vantexressources.com
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