Resource Capital Fund VI L.P. Announces Disposition of Warrants in Vendetta Mining
Resource Capital Fund VI L.P. Announces Disposition of
Warrants in Vendetta Mining
DENVER, CO
,
March 15, 2018
/CNW/ - Resource Capital Fund VI L.P. ("
RCF VI
") reports that on
March 15, 2018
, it sold an aggregate of
5,350,000 warrants (the "
Sold Warrants
") of Vendetta Mining Corp. (the "
Company
") exercisable for 5,350,000 common shares of the
Company (the "
Common Shares
"), representing approximately 4.1% of the issued and outstanding Common Shares assuming exercise of the
Sold Warrants. RCF VI sold: (i) 4,600,000 Sold Warrants with an exercise price of
CDN$0.10
per Common Share pursuant to a private
agreement with third party purchasers at a price per Sold Warrant of
CDN$0.08
; and (ii) 750,000 Sold Warrants with an exercise price of
CDN$0.13
per Common Share pursuant to a private agreement with a third party purchaser at a price per Sold Warrant of
CDN$0.05
, for
combined gross proceeds of
CDN$405,500
.
Prior to the disposition of the Sold Warrants, RCF VI owned and controlled 19,409,231 Common Shares and 6,890,000 warrants, representing
approximately 19.8% of the issued and outstanding Common Shares on a partially diluted basis. Immediately following the disposition of the Sold
Warrants, RCF VI owned and controlled, directly or indirectly, 19,409,231 Common Shares and 1,540,000 warrants, representing
approximately 16.5% of the current issued and outstanding Common Shares on a partially diluted basis.
RCF VI disposed of the Sold Warrants in accordance with its investment policy. RCF VI may from time to time acquire additional securities,
dispose of some or all of the existing or additional securities or may continue to hold the securities of the Company.
The Company's head office is located at #1500 - 409 Granville Street,
Vancouver, BC
V6C 1T2.
To obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please
see the Company's profile on the SEDAR website
www.sedar.com
.
About Resource Capital Fund VI L.P.
RCF VI is a private investment fund existing under the laws of the
Cayman Islands
.
SOURCE
Resource Capital Fund VI L.P.
View original content: http://www.newswire.ca/en/releases/archive/March2018/15/c1691.html
%SEDAR: 00030240E
For further information:
and to obtain a copy of the early warning report, please contact: Resource Capital Fund VI L.P., 1400 Sixteenth
Street, Suite 200, Denver, CO, 80202, Telephone:
(720) 946-1444, Attn: Molly Campbell
CO: Resource Capital Fund VI L.P.
CNW 22:39e 15-MAR-18