Zurück
Weiter
|
| ||||||||||||||
Jan 22, 2007 (M2 PRESSWIRE via COMTEX News Network) -- In- Depth Research on Vedron Gold Inc. (TSX.V:VG)
VEDRON GOLD INC. is engaged in exploration and development of precious metal mineral properties.
Shares were up 24% after announcing a financing in the amount of $5,000,000 gross proceeds.
BellwetherReport.com is a leading online research firm for international investors looking to get an edge over their portfolio. Investors seeking the most up to date information on company are invited to sign up for a free complimentary subscription to www.bellwetherreport.com. No credit card needed!
Vedron Gold Inc., is pleased to announce a financing in the amount of $5,000,000 gross proceeds (the "Offering") consisting of up to $4,000,000 of flow-through units ("Flow-Through Units") and up to $1,000,000 of hard dollar units ("Hard Dollar Units"). Each Flow-Through Unit will be offered at a price of $0.40 and will consist of one flow-through common share and one-half of one common share purchase warrant (each whole such share purchase warrant a "Warrant"). Each Hard Dollar Unit will be offered at a price of $0.40 and will consist of one common share and one Warrant. In addition, Vedron has granted the agent in the Offering an option to increase the size of the Offering by up to $500,000 through the issue of additional Flow-Through Units or Hard Dollar Units, which is exercisable by the agent in the Offering, in whole or in part, at any time until 24 hours prior to the date of closing. If the option is exercised in full the aggregate gross proceeds from the Offering will be $5,500,000.
Each Warrant will entitle the holder to purchase one additional common share of Vedron, which shall not be a flow-through share, at a price of $0.60 for a period of 18 months from the date of closing (the "Warrant Term"). If after the date that is four months following closing, the common shares of Vedron close at $0.90 or more for 20 consecutive trading days, then the Warrant Term shall be automatically reduced to 30 days from the date that Vedron provides the holders of Warrants with written notice of the new expiry date.
Vedron has engaged Primary Capital Inc. ("Primary") as agent to complete the financing. Vedron will pay Primary a cash commission equal to 5% of the gross proceeds raised in connection with the Offering. In addition, Vedron will issue to Primary broker warrants entitling Primary to acquire that number of Hard Dollar Units that is equal to 7% of the number of Flow-Through Units and Hard Dollar Units sold in the Offering. Each broker warrant will be exercisable at $0.40 for a period of 18 months from the date of closing.
Northfield Capital Corp. has committed the lead order for the Offering. All of the securities issued and issuable in the Offering will have a hold period expiring four months and one day after the day of closing. Completion of the Offering is subject to the approval of the TSX Venture Exchange.
The proceeds raised from the issuance of the Hard Dollar Units will be used for general working capital purposes and the proceeds raised from the issuance of the Flow-Through Units will be used for the continued exploration of Vedron's Timmins gold projects.
Vedron is pleased to also announce that John Tait will be appointed chief operating officer of the Corporation and a member of the board of directors on completion of the Offering. Mr. Tait was previously president of Southern Star Resources where he led its successful exploration program up to the recent merger that formed Gold Eagle Mines Ltd.
Vedron also announces the issuance of 1,600,000 options having a term of 5 years, exercisable at $0.60 per share to officers, directors, employees and consultants of the Corporation.
More information on company available in the members section of www.BellwetherReport.com.
To review research on company as well as many more exciting articles we encourage you to visit www.bellwetherreport.com. You can find these reports under the "Today's Articles" section. No credit Card Needed!!
The Bellwether Report will continue to research the small cap markets to bring you exciting opportunities!! If you are interested in receiving more information on these small cap opportunities and other features of our site, feel free to sign up for a complimentary subscription to the #1 online investment tool www.bellwetherreport.com.
Companies looking to advertise with Bellwether Report should email jlee@bellwetherreport.com with the subject line (Advertising).
Information has been gathered from sources such as www.Hoovers.com, www.yahoo.com, www.associatedpress.com, www.marketwire.com, www.businesswire.com and other public resources.
All material herein was prepared by the Bellwetherreport.com, (Bellwether) based upon information believed to be reliable. The information contained herein is not guaranteed by Bellwether to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Bellwether is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Bellwether may receive compensation in cash or shares from independent third parties or from the companies mentioned.
Bellwether's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value.
Bellwether will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Bellwether undertakes no obligation to update such statements.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2007 M2 COMMUNICATIONS LTD
|
| Wertung | Antworten | Thema | Verfasser | letzter Verfasser | letzter Beitrag | |
68 | 7.779 | Vedron FAKTEN VG Kanada | harry74nrw | harry74nrw | 15.09.08 13:30 | |
| 7 | 180 | VG Gold Corp 07/08/2007 vorher Vedron Inc | harry74nrw | Pilgervater | 19.08.07 18:01 | |
| 2 | 43 | Neue Zeitrechnung Vedron heißt VG Gold Corp | manniffnn | BMTrader | 05.08.07 23:45 | |
| 1 | Chart | al56hg | al56hg | 12.06.07 11:20 | ||
| 10 | 1000% | Mathi0304 | manniffnn | 13.04.07 14:23 |
