hier die News, war vorhin vom Handel ausgesetzt und jetzt wieder handelbar
A0D8VU
Stellt von mir keine Kauf bzw Verkaufsempfehlung dar.
ICH BIN DABEI, DIE NEWS SIND SEHR GUT
Source MARKET NEWS
Date 09/29/2006
Time 03:09:39 AM
Company Vena Resources Inc.
Title Acquires Huachon Gold Project in Central Peru
CDNX Symbol: VEM
Press Release
Acquires Huachon Gold Project in Central Peru --->@NEWS RELEASE VENA
RESOURCES INC ("VEM-V;VNARF-L")
- Acquires Huachon Gold Project in Central Peru
Vena Resources Inc. announces that it has acquired a group of
concessions in the Huachon area of central Peru. Subject to regulatory
approval, the Company has agreed to grant 100,000 shares of Vena to UP
Mining Peru E.I.R.L. and S.M.R. Ltd. Milagros de Socorro the owners of
these concessions. Additional shares will be granted if key milestones are
reached annually plus a 2%-3% NSR depending upon the price of gold.
Local miners working the upper portions of the area are extracting gold
bearing quartz vein material. A team of Vena geologists is visiting the
Huachon area to take confirmation samples and assess the historic data
provided by the property owners. Vena reminds readers that the Company has
not yet done sufficient work to verify the project potential. Huachon is in
central Peru near the established mining center of "Cerro de Pasco".
Huachon lies in the southern extension of the NW trending regional
structure, which hosts the Poderosa, Marsa and Horizonte mines. This area
of central Peru has not been well explored using modern methods.
The Qualified Person for this press release is Dr. Greg Myers, a
Professional Geologist. Dr. Myers has not visited the property, but has
reviewed the historic data used in preparation this press release.
Vena Closes Private Placement
In other news, Vena announces that it has closed the second tranche of
a non-brokered private placement by issuing 555,000 units at $0.50 for
total private placement proceeds for both the first and second closing of
$957,500. Each unit issued comprised one common share and one common share
purchase warrant with each warrant being exercisable at an exercise price
of $0.75 for a period of 24 months after the Closing Date, provided,
however, that, if, at any time following the expiry of the Hold Period, the
closing price of the common shares on the TSXV (or such other exchange as
the shares of the Company are listed on) is greater than $1.00 for 20 or
more consecutive days, the Warrants will be accelerated and will expire on
the 20th Business Day following the date of such notice. The securities
issued on closing are subject to a four-month hold period and the private
placement is subject to regulatory approval. A 5% finder\'s fee was paid to
certain parties at the discretion of the Company.
Juan Vegarra, Vena\'s CEO stated,
"We are pleased that the investment community continues to show its
support for Vena. Proceeds from the private placement plus the revenue
generated from sales of Zinc ore to Glencore of Switzerland as part of the
underground rehabilitation program will be used for the ongoing
confirmation drilling campaign in the Azulcocha & Waie Zinc projects
leading to a preliminary assessment of a mine restart and a 43-101 report.
We expect to provide a more in-depth update of the Huachon gold project
later in October when field crews complete their visits and provide a
current assessment and development plans."
Statements in this press release regarding the Company\'s business which
are not historical facts are "forward-looking statements" that involve
risks and uncertainties, such as estimates and statements that describe the
Company\'s future plans, objectives or goals, including words to the effect
that the Company or management expects a stated condition or result to
occur. Since forward-looking statements address future events and
conditions, by their very nature, they involve inherent risks and
uncertainties. Actual results in each case could differ materially from
those currently anticipated in such statements.
Shares Outstanding: 50,169,411
Fully-Diluted: 59,772,085
The TSX Venture Exchange does not accept the responsibility for the
adequacy or accuracy of this release.
A0D8VU
Stellt von mir keine Kauf bzw Verkaufsempfehlung dar.
ICH BIN DABEI, DIE NEWS SIND SEHR GUT
Source MARKET NEWS
Date 09/29/2006
Time 03:09:39 AM
Company Vena Resources Inc.
Title Acquires Huachon Gold Project in Central Peru
CDNX Symbol: VEM
Press Release
Acquires Huachon Gold Project in Central Peru --->@NEWS RELEASE VENA
RESOURCES INC ("VEM-V;VNARF-L")
- Acquires Huachon Gold Project in Central Peru
Vena Resources Inc. announces that it has acquired a group of
concessions in the Huachon area of central Peru. Subject to regulatory
approval, the Company has agreed to grant 100,000 shares of Vena to UP
Mining Peru E.I.R.L. and S.M.R. Ltd. Milagros de Socorro the owners of
these concessions. Additional shares will be granted if key milestones are
reached annually plus a 2%-3% NSR depending upon the price of gold.
Local miners working the upper portions of the area are extracting gold
bearing quartz vein material. A team of Vena geologists is visiting the
Huachon area to take confirmation samples and assess the historic data
provided by the property owners. Vena reminds readers that the Company has
not yet done sufficient work to verify the project potential. Huachon is in
central Peru near the established mining center of "Cerro de Pasco".
Huachon lies in the southern extension of the NW trending regional
structure, which hosts the Poderosa, Marsa and Horizonte mines. This area
of central Peru has not been well explored using modern methods.
The Qualified Person for this press release is Dr. Greg Myers, a
Professional Geologist. Dr. Myers has not visited the property, but has
reviewed the historic data used in preparation this press release.
Vena Closes Private Placement
In other news, Vena announces that it has closed the second tranche of
a non-brokered private placement by issuing 555,000 units at $0.50 for
total private placement proceeds for both the first and second closing of
$957,500. Each unit issued comprised one common share and one common share
purchase warrant with each warrant being exercisable at an exercise price
of $0.75 for a period of 24 months after the Closing Date, provided,
however, that, if, at any time following the expiry of the Hold Period, the
closing price of the common shares on the TSXV (or such other exchange as
the shares of the Company are listed on) is greater than $1.00 for 20 or
more consecutive days, the Warrants will be accelerated and will expire on
the 20th Business Day following the date of such notice. The securities
issued on closing are subject to a four-month hold period and the private
placement is subject to regulatory approval. A 5% finder\'s fee was paid to
certain parties at the discretion of the Company.
Juan Vegarra, Vena\'s CEO stated,
"We are pleased that the investment community continues to show its
support for Vena. Proceeds from the private placement plus the revenue
generated from sales of Zinc ore to Glencore of Switzerland as part of the
underground rehabilitation program will be used for the ongoing
confirmation drilling campaign in the Azulcocha & Waie Zinc projects
leading to a preliminary assessment of a mine restart and a 43-101 report.
We expect to provide a more in-depth update of the Huachon gold project
later in October when field crews complete their visits and provide a
current assessment and development plans."
Statements in this press release regarding the Company\'s business which
are not historical facts are "forward-looking statements" that involve
risks and uncertainties, such as estimates and statements that describe the
Company\'s future plans, objectives or goals, including words to the effect
that the Company or management expects a stated condition or result to
occur. Since forward-looking statements address future events and
conditions, by their very nature, they involve inherent risks and
uncertainties. Actual results in each case could differ materially from
those currently anticipated in such statements.
Shares Outstanding: 50,169,411
Fully-Diluted: 59,772,085
The TSX Venture Exchange does not accept the responsibility for the
adequacy or accuracy of this release.