Vatic Ventures Corp. Completes Private Placement
318-1008 Homer Street Vancouver, B.C.
V6B 2X1 Phone: 604-566-9399 Fax: 604-568-8500
N E W S R E L E A S E
Vatic Ventures Corp. Completes Private Placement
November 4, 2011- Vatic Ventures Corp. (“Vatic”) (VCV-TSX.V)(V8V-Frankfurt) announces that further to a news release of June 3, 2011, the private placement has been completed. A total of 1,850,000 units were issued at a price of $CDN0.20 per unit. Each unit consists of one share and one warrant. Each warrant is exercisable for a two-year period at a price of $CDN0.30 per share Proceeds from this private placement will be used for expenditures on the La Silla West project in Mexico after receiving TSX Venture Exchange approval, for new project development and for general working capital.
The shares issued and any shares issued upon the exercise of warrants from this private placement have a hold period from trading until January 13, 2012.
Finders’ fees were paid in cash totaling $29,600 to two finders.
ON BEHALF OF THE BOARD
“Nasim Tyab”
Nasim Tyab President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the contents of this news release.