Vega Mining Announces Private Placement
February 24 2014 - 5:30PM
Marketwired
Vega Mining Announces Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 24, 2014) - Vega
Mining Inc. (Vega) (TSX-VENTURE:VMI) announces that it has arranged
a non-brokered private placement of up to 3,500,000 units for total
proceeds of up to $245,000; subject to the approval of the TSX
Venture Exchange. Up to 3,500,000 units will be issued as
flow-through units at a price of $0.07 per unit consisting of one
common share and one half of one whole warrant. Each whole warrant
will entitle the holder to purchase one additional common share of
the Company at a price of $0.12 per share for eighteen (18) months
from the date of closing. The proceeds of the private placement
will be used for exploration activities on its graphite properties.
Finder's fees, as allowed pursuant to the policies of the TSX
Venture Exchange, may be payable in connection with the
offering.
Vega Mining Inc. Inc. (TSX-VENTURE:VMI) is a Canadian junior
exploration company focused on discovering gold and graphite
deposits in politically safe jurisdictions.
On behalf of the board of VEGA MINING INC.
Archie Boyce, President
"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."
Cautionary note:
This report contains
forward looking statements. Resource estimates, unless specifically
noted, are considered speculative. Any and all other resource or
reserve estimates are historical in nature, and should not be
relied upon. The production rate and mine-life projections have
been made without support of a feasibility study, there is no
certainty the proposed operations will be economically viable. By
their nature, forward looking statements involve risk and
uncertainties because they relate to events and depend on factors
that will or may occur in the future. Actual results may vary
depending upon exploration activities, industry production,
commodity demand and pricing, currency exchange rates, and, but not
limited to, general economic factors. Cautionary Note to US
investors: The U.S. Securities and Exchange Commission specifically
prohibits the use of certain terms, such as "reserves" unless such
figures are based upon actual production or formation tests and can
be shown to be economically and legally producible.
Vega Mining Inc.Archie BoycePresident(604) 683 5445(604) 687
9631info@vegamininginc.comwww.vegamininginc.com