Vendome Finances Part of Its Work Commitment at $0.50 Per Share
February 19 2013 - 3:05PM
Marketwired Canada
Vendome Resources Corp. (TSX VENTURE:VDR)(FRANKFURT:9VR) ("Vendome" or the
"Company") is pleased to announce it has amended its current option agreement
with Camsim Minas S.A. de C.V. dated September 2010, regarding the La Diana
Property pursuant to which Vendome is required to spend $3,000,000 over a three
year period.
Camsim has agreed to reduce Vendome's work commitment from $3 million to $2.5
million by granting a $500,000 expenditure credit in return for the issuance of
1,000,000 Vendome common shares at $0.50 a share.
This amendment is subject to TSX Venture Exchange approval and all securities
issued thereunder will be subject to the customary four (4) month hold period
from their date of issuance.
This news release includes certain "forward-looking statements." Such
forward-looking statements involve risks and uncertainties. The results or
events predicted in these forward-looking statements may differ materially from
actual results or events. The Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events or results or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Vendome Resources Corp.
Franz Kozich
CEO & President
(647) 932 1604
info@vendomeresourcescorp.com