Vendetta Mining Closes $4,238,219 Private Placement
FOR IMMEDIATE RELEASE April 28th, 2017
(VTT2017 – NR #4)
Vendetta Mining Closes $4,238,219 Private Placement
Vancouver, BC – April 28 th, 2017 Vendetta Mining Corp. (VTT -TSX: V) (“Vendetta” or the
“Company”) is pleased to announce that it has closed an oversubscribed private placement announced
on April 10th, 2017 (and revised April 24th, 2017). The Company issued a total of 21,191,095 units at a
price of $0.20 per unit for gross proceeds of $4,238,219; each $0.20/unit comprises one common share
and one-half of one common share purchase warrant exercisable for two years at a price of $0.30 subject
to certain acceleration terms.
Net proceeds from the financing will be used for the 2017 resource development program at the
Company's Pegmont lead -zinc deposit in Queensland, Australia and general working capital. A more
detailed description of the 2017 planned program is contained in the April 10th news release.
Total commissions of $131,716 were paid and 667,780 finders warrants were issued associated with the
proceeds of this private placement.
About Pegmont
The Pegmont lead-zinc-silver deposit is located in North West Queensland Mineral Province, 175 km
south-east of the major mining centre of Mount Isa, and 25 km west of South32’s world class Cannington
silver-lead-zinc operation and 28 km north of Chinova R esources’ Osborne and Kulthor copper -gold
operations. It is proximate to infrastructure including roads, rail, and natural gas for power generation.
Pegmont is a multiple lens, stratiform Broken Hill style deposit that outcrops with an overall shallow
dip to the south east and is hosted in a magnetite rich banded iron formation within high grade
metamorphic rocks. The Company has, through its programs confirmed Zone 5 is an area of higher grade
zinc and multiple mineralized horizons. The project consists o f three granted mining leases and two
exploration permits that cover an area of approximately 3,468 ha.
About Vendetta Mining Corp.
Vendetta Mining Corp. is a Canadian junior exploration company focused on advanced stage exploration
and development at the Pegmont Lead Zinc Project in Australia. Vendetta has an option to acquire a
100% interest by completing certain work requirements and making option and advance royalty
payments. Additional information on the Company can be found at www.vendettaminingcorp.com
Qualified Person
Peter Voulgaris, MAusIMM, MAIG, a Director of Vendetta, is a non-independent qualified person as
defined by NI 43-101. Mr. Voulgaris has reviewed the technical content of this press release, and
consents to the information provided in the form and context in which it appears.
ON BEHALF OF THE BOARD OF DIRECTORS
“Michael Williams”
Michael Williams
President & CEO
Forward Looking Information
This news release includes forward -looking statements that are subject to risks and
uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and
other factors that could cause the actual results of the Company to be materially different from the
historical results or from any future results expressed or implied by such forward -looking
statements.
Disclaimer
All statements within, other than statements of historical fact, are to be considered forward looking.
Although Vendetta Mining Corp. 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 forward -
looking statements. Factors that could cause actual results to differ materially from those in
forward-looking statements include: the completion of the full exploration program for which the
use of proceeds is geared toward, the accuracy of exploration r esults, the accuracy of Mineral
Resource Estimates, the anticipated results of future exploration, the forgoing ability to finance
further exploration, and general economic, market or business conditions. There can be no
assurances that such statements will prove accurate and, therefore, readers are advised to rely on
their own evaluation of such uncertainties. We do not assume any obligation to update any forward-
looking statements.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction
and has neither approved nor disapproved the contents of this news release and as such, accepts
no responsibility for the adequacy or accuracy of this release.