Vantex Acquires 19 Mining Claims Adjacent to the Santa Anna Gold Property
Tue Oct 7, 4:11 PM
ca.news.finance.yahoo.com
LA PRAIRIE, QUEBEC--(Marketwire - Oct. 7, 2008) - The management of Vantex Resources Ltd ("Vantex") is pleased to announce the acquisition of 19 mining claims directly adjacent to the Santa Anna gold property that was recently acquired by Vantex and announced in a press release dated March 18. The Santa Anna property is located 15 kilometres West of the town of La Sarre, in Abitibi, Quebec, in the La Reine township.
Vantex will own a 100 % interest in those 19 claims in exchange of a cash payment of $10,000 and the issuance of 400,000 Vantex common shares to the seller, La Compagnie d'exploration miniere Bull's Eye, an arm's length operator. The seller keeps a 1 % NSR, repurchasable for $500,000. A 2 % NSR held by a previous owner is attached to 2 of the 19 claims, it is repurchasable for $250,000.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contacts
Francois Marcotte
Vantex Resources Ltd
CFO & Investor Relations
514-685-9880
francois-marcotte@videotron.ca
www.vantexressources.com |
