Vendetta Closes Final Tranche of its Non-Brokered Private Placement and Resignation and Appointment of CFO
FOR IMMEDIATE RELEASE July 2, 2020
(VTT2020 – NR #06)
Vendetta Closes Final Tranche of its Non-Brokered Private Placement and
Resignation and Appointment of CFO
Vancouver, BC – July 2 , 20 20 − Vendetta Mining Corp. (VTT-TSX:V) (“Vendetta” or the
“Company”) is pleased to announce that it has closed the final tranche of its previously announced
Private Placement with a total of 6,326,138 units being issued at a price of $0. 04 per Unit for gross
proceeds of $253,045.52. Each Unit comprises of one common share and one common share purchase
warrant exercisable for t hree years at a price of $0. 06. Together with the proceeds from the first
tranche, the Company issued 20,288,188 units for a total of $811,527.52. All securities issued and
issuable under the Private Placement are subject to a four-month hold period from the date of closing
of the Private Placement, in addition to any other restrictions under applicable law.
Net proceeds from the financing will be used to advance the development of the Companies 100%
owned Pegmont Lead-Zinc project and general working capital.
Total commissions of $5,040 were paid in association with the proceeds of th e final tranche of the
private placement.
Resignation and Appointment of CFO
The Company also announces Jasmine Lau has resigned her position as Chief Financial Officer
(“CFO”), Ms. Lau is an associate of Red Fern Consulting Ltd. (“Red Fern”), which provides the
Company with accounting services. The Company has appointed Mr. Alasta ir Brownlow, a senior
consultant with Red Fern, to the position of CFO, effective June 23, 2020.
Mr. Brownlow is a Chartered Professional Accountant and a U.S. Certified Public Accountant
(Washington) specializing in resource -focused accounting and finance . Mr. Brownlow has
accumulated extensive experience working as CFO for TSX:V listed exploration , development and
production companies. Mr. Brownlow previously occupied the position of Audit Associate at
Davidson & Co. LLP and Assistant Manager at Baker Tilly (BVI) Ltd. Mr. Brownlow has a Bachelor
of Business Administration degree with first class honours from Simon Fraser University.
Michael Williams, CEO commented: “We would like to thank Ms. Lau for her contribution to the
Company over the last two and a half years and wish her well with her future endeavours. I would
like to welcome Mr. Brownlow to the Company and thank he and Ms. Lau for ensuring a smooth
transition.”
About Vendetta Mining Corp.
Vendetta Mining Corp. is a Canadian junior exploration company engaged in acquiring, exploring,
and developing mineral properties with an emphasis on lead and zinc. It is currently focused on
advancing the Pegmont Lead Zinc project in Australia. Additional information on the Company can
be found at www.vendettaminingcorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“Michael Williams”
Michael Williams
President & CEO
604-448-7855
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
Certain of the statements and information in this news release constitute “forward -looking information”
within the meaning of applicable Canadian provincial securities laws. Any statements or information that
express or involve discussions with respect to interpretation of exploration programs and drill results,
predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance
(often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”,
“plans”, “projects”, “estimates”, “assumes”, “intends”, “strategi es”, “targets”, “goals”, “forecasts”,
“objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events
or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any
of these terms and similar expressions) are not statements of historical fact and may be forward -looking
statements or information.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such forward‐looking statements. Although the
Company believes the expectations expressed in such forward‐looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or developments
may differ materially from those in the forward‐looking statements. Factors that could cause actual results to
differ materially from those in forward‐looking statements include, but are not limited to, change s in
commodities prices; changes in expected mineral production performance; unexpected increases in capital
costs; exploitation and exploration results; continued availability of capital and financing; differing results
and recommendations in the Feasibil ity Study; and general economic, market or business conditions. In
addition, forward‐looking statements are subject to various risks, including but not limited to operational risk;
political risk; currency risk; capital cost inflation risk; that data is in complete or inaccurate. The reader is
referred to the Company’s filings with the Canadian securities regulators for disclosure regarding these and
other risk factors, accessible through Vendetta Mining Corp’s profile at www.sedar.com.
There is no certainty that any forward‐looking statement will come to pass and investors should not place
undue reliance upon forward‐looking statements. The Company does not undertake to provide updates to any
of the forward‐looking statements in this release, except as required by law.