Vendetta Mining Corp. is pleased to announce that it has been awarded an A$200,000 grant under the Queensland Government's Collaborative Exploration Initiative to test a conceptual exploration target, the Pegmont Deeps Zinc Target, as described below. Collaborative Exploration Initiative The CEI is a Queensland Government initiative designed to encourage the testing of new exploration concepts of economic and technical [...]
Vendetta Mining Corp. is pleased to announce that it has closed the final tranche of its previously announced Private Placement with a total of 6,326,138 units being issued at a price of $0.04 per Unit for gross proceeds of $253,045.52. Each Unit comprises of one common share and one common share purchase warrant exercisable for three years at a price of $0.06. Together with the proceeds from the first tranche, the [...]
Vendetta Mining Corp. is pleased to announce that the Company has requested from the TSX Venture Exchange an increase of its previously announced non-brokered private placement of up to 11,000,000 units to 20,000,000 Units for gross proceeds of $800,000. The Company has closed the first tranche of the Private Placement with a total of 13,962,050 units being issued at a price of $0.04 per Unit for gross proceeds of [...]
Vendetta Mining Corp. announces it has received approval from the TSX Venture Exchange to amend the exercise price and expiry date of common share purchase warrants previously issued in connection with its non-brokered private placement of units of the Company that closed on June 3, 2019. The Warrants now have the same exercise price and expiry date as those issued pursuant to its non-brokered private placement of units [...]
Vendetta Mining Corp. is pleased to announce a non-brokered private placement of up to 11,000,000 units at a price of $0.05 per Unit for gross proceeds of $550,000. Each Unit will be comprised of one common share and one common share purchase warrant exercisable for three years at a price of $0.075 per share. The private placement is subject to the approval of the TSXV and the securities will be subject to a four-month [...]
Vendetta Mining Corp. is pleased to announce the positive results of the material sorting test work using commercial X-ray Transmission material sorters. The purpose of the material sorting test work was to determine the suitability of the XRT sensors to differentiate potential mill feed from waste material at Pegmont. At Pegmont the potential advantages of XRT material sorters is that they could allow plant feed material [...]
Vendetta Mining Corp. is pleased to announce that it has entered into a into a C$500,000 share subscription facility agreement with Scharfe Holdings Inc. for a term of 12 months. Such term can be renewed for an additional C$500,000 on the same terms as the original SSF for a period of 12 months at the sole discretion of Scharfe. Under the terms of the SSF, Vendetta may at any time while this agreement is in effect, send a [...]
Vendetta Mining Corp. is pleased to announce that it has closed an additional non-brokered private placement of 11,533,332 units at a price of $0.09 per Unit for gross proceeds of $1,037,999.88, forming part of a larger offering of up to $1,700,000 in gross proceeds. Each Unit comprises one common share and one common share purchase warrant exercisable for three years at a price of $0.13 per share. Together with the [...]
Vendetta Mining Corp. is pleased to provide an update on project activities. Ore Sorting Test Work The Company has shipped three composites from three previously completed drill holes for sensor-based ore sorting screening test work; two holes from Zone 5 and one hole from Zone 2. Included in each sample was material from both the hanging wall and footwall at below cut-off grades to simulate mining dilution, at twice the [...]
Vendetta Mining Corp. is pleased to announce that the Company completed all payments to the vendor of the Pegmont Lead-Zinc project on May 9, 2019, at which time the sale to Vendetta of the Project completed and Vendetta is now the owner of the Pegmont tenements. The formal transfer to update the legal title to the exploration permit and three mining leases that comprise the project is now in progress. To hasten the [...]
Vendetta Mining Corp. is pleased to announce that it has closed the previously announced financing package with Nebari Holdings LLC. and that, as a result, the Company is now in a position to make its final property payment to Pegmont Mines Ltd., as vendor, and acquire a 100% interest in the Pegmont Lead-Zinc project. The Company would like to thank Pegmont Mines Ltd for assisting Vendetta with the agreements necessary to [...]
Vendetta Mining Corp. is pleased to announce that it has been advised by Nebari that technical due diligence has been completed to their satisfaction. The material terms for the funding package described by the Company on April 12th, are now being finalised in a definitive agreement. The funding facility remains on track to Close and provide funds by May 6th. The proceeds of the proposed financing will be used to pay the [...]