New Issue: Vantex Resources seals C$2.05 million private placement of equity units

By Devika Patel

Knoxville, Tenn., July 29 - Vantex Resources Ltd. said it has completed a C$2.05 million private placement of units. The deal, which priced July 21 and was increased to C$2.1 million from C$1.7 million on July 26, was conducted by agent Jones, Gable & Co. Ltd.

The company sold 2,045 units at C$1,000 per unit on a commercially reasonable efforts basis. Each unit consists of 8,000 flow-through common shares, 2,000 common shares and 5,000 warrants. The warrants are each exercisable at C$0.15 for one year.

Proceeds will be used for general working capital purposes and to incur general exploration expenses in Quebec, as well as for the development of the Galloway-Pitchvein area.

Vantex is a mining company based in La Prairie, Quebec.

Issuer:	Vantex Resources Ltd.
Issue:	Units of 8,000 flow-through common shares, 2,000 common shares and 5,000 warrants
Amount:	C$2,045,000
Units:	2,045
Price:	C$1,000
Warrants:	5,000 warrants per unit
Warrant expiration:	One year
Warrant strike price:	C$0.15
Agent:	Jones, Gable & Co. Ltd.
Pricing date:	July 21
Upsized:	July 26
Settlement date:	July 29
Stock symbol:	TSX Venture: VAX
Stock price:	C$0.13 at close July 20
Market capitalization:	C$2.1 million

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