Vantex Raises $75,600 in Flow-Through Units
April 30 2014 - 12:30PM
Marketwired
Vantex Raises $75,600 in Flow-Through Units
LA PRAIRIE, QUEBEC--(Marketwired - Apr 30, 2014) - Vantex
Resources Ltd. (the
"Company")(TSX-VENTURE:VAX)(FRANKFURT:UD7A)(ALP:VAX) announces the
completion of a $75,600 non-brokered financing.
The Company sold 63 Flow-Through units (the "FT Units") at a
purchase price of $1,200 per FT Unit, for a total amount of
$75,600. Each FT Units consists of 16,000 flow-through common
shares and 4,000 common shares at a price of $0.06 per share and
10,000 common share purchase warrants. Each whole warrant will
entitle the holder to purchase one additional common share in the
capital of the Company for a period of 12 months from the date of
issuance, at a purchase price of $0.10 per share.
The expenses will constitute flow-through mining expenditure as
described in subsection 127(9) of the Income Tax Act (Canada); and
will qualify for inclusion in both: the exploration base relating
to certain Quebec exploration expenses, and the exploration base
relating to certain Quebec surface mining exploration expenses as
these terms are defined in the Taxation Act (Quebec).
No finder's fee was paid in relation to this financing. The
securities issued as part of this placement are subject to a
minimum hold until September 1st, 2014 and subject to the approval
of the TSX Venture exchange.
Annual General Meeting
of shareholders
Company shareholders approved the 2 propositions submitted by
management at the Annual General Meeting of shareholders that was
held on April 29.
For the proposition regarding the election of directors, 99.71 %
of the votes cast were in favor of the proposed candidates;
For the proposition regarding the appointment of the auditors,
99.8 % of the votes cast were in favor of the proposition;
28.06 % of the outstanding shares were voted.
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.
Source :Guy MorissetteCEO819-763-5096For information :Wayne
CarlonVP Business
development902-857-1043waynecarlon@eastlink.cawww.vantexressources.com
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