Vena Res Inc (VNARF) 0.0241 $VNARF
Vena Announces Closing of Shares for Debt
Marketwired - Fri Nov 28, 9:45PM CST
Vena Resources Inc. (the "Company" or "Vena"
(TSX: VEM)(LMA: VEM)(FRANKFURT: V1RA)(OTCBB: VNARF) announces that further to receipt of shareholder approval at the special meeting of shareholders held November 6th, the Company has issued 1,554,166 common shares in connection with the settlement of approximately $186,500 in outstanding debt at a price of $0.12 to Juan Vegarra, the Company's current Chairman, and to a company controlled by Andres Tinajero, the Company's former CFO (the "Debt Settlement". The shares were subject to a four-month and a day hold period in accordance with applicable securities laws.
VEM.TO: 0.03 (unch)
Vena Announces Closing of Private Placement Financing
Marketwired - Mon Nov 24, 8:43PM CST
Vena Resources Inc. (the "Company" or "Vena" (TSX: VEM)(LMA: VEM)(FRANKFURT: V1RA)(OTCBB: VNARF) is pleased to announce the closing of the previously announced private placement of unsecured convertible debentures (see press releases of September 19 and November 7). In connection with this private placement, Vena has entered into unsecured convertible debenture agreements aggregating $718,000 (the "Debentures".
VEM.TO: 0.03 (unch)
Vena to Drill Major Veins at the Esquilache Polymetallic Property
Marketwire Canada - Mon Nov 10, 1:04PM CST
Vena Resources Inc. ("Vena" or the "Company" (TSX:VEM)(LMA:VEM)(FRANKFURT:V1RA)(OTCBB:VNARF) is pleased to announce the initiation of drilling at the 100% owned silver rich polymetallic Esquilache project located in Puno Department approximately 850 kilometres southwest of Lima, Peru. The Company has recently received the necessary permits for a 20 platform drill program and Ingetrol Peru SAC is mobilizing a portable rig to the property that will commence drilling this week. Community agreements, access roads, drill platforms, camp site and all required infrastructure requirements have been finalized.
VEM.TO: 0.03 (unch)
Vena Appoints Nick Appleyard to Board of Directors
Marketwired - Fri Nov 07, 7:03AM CST
Vena Resources Inc. (the "Company" or "Vena" (TSX: VEM)(LMA: VEM)(FRANKFURT: V1RA)(OTCBB: VNARF) is pleased to announce that Mr. Nick Appleyard has agreed to join Vena's board of directors, replacing John Clarke who is pursuing other ventures.
VEM.TO: 0.03 (unch)
Vena Provides Update on Azulcocha West Polymetallic Project
Marketwired - Wed Oct 08, 1:01AM CDT
Vena Resources Inc. (the "Company" or "Vena" (TSX: VEM)(LMA: VEM)(FRANKFURT: V1RA)(OTCBB: VNARF) provides a positive development for the Company on the arbitration process in Peru related to the Azulcocha West Polymetallic Project. As announced by Vena on May 26, 2014, the arbitration process in Peru returned the promising Azulcocha West polymetallic property to the Company and awarded Empresa Minera Los Quenuales S.A. ("LQ", a company owned by Glencore plc of Switzerland, US$2,342,092.51 for damages (the "Arbitral Reward" despite the fact that LQ did not comply with the original option agreement. In July, the Company filed a lawsuit for the Annulment of the Arbitral Award (the "Lawsuit" with the Superior Court of Lima on the basis that the Arbitral Award lacked grounds and was based on further contradictory and insufficient reasons that infringe the basic rules of the due process under the arbitration process. After review of the Lawsuit, the Superior Court of Lima has admitted the Lawsuit. Under Peruvian Law, the Superior Court of Lima will review whether the Arbitral Award was issued in compliance with the essential formalities that must exist in any judicial judgment or arbitral award.
VEM.TO: 0.03 (unch)
Vena Announces Proposed Private Placement and Provides Corporate Update
Marketwire - Fri Sep 19, 3:35PM CDT
Vena Resources Inc. (the "Company" or "Vena" (TSX: VEM) (LMA: VEM) (FRANKFURT: V1RA) (OTCBB: VNARF) announces that further to its press release of September 11, 2014, the Company intends to complete a non-brokered private placement of unsecured convertible debentures (the "Debentures" in the principle amount of $750,000 (the "Offering". The private placement is subject to approval by the Toronto Stock Exchange ("TSX". The Debentures will mature two years following the issuance of the Debentures and will bear interest at the rate of 10% per annum. The Debenture holders will be entitled to convert the principal amount into common shares of the Company at a conversion price of $0.15 and assuming the aggregate amount of the Offering is converted this would result in approximately 5,000,000 common shares of the Company being issued upon conversion of the Debentures.
YEL.VN: 0.075 (-0.010), VEM.TO: 0.03 (unch)
Vena Closes Forrester Resources Corp. Acquisition
Marketwire - Thu Sep 11, 4:41PM CDT
Vena Resources Inc. (the "Company" or "Vena" (TSX: VEM)(LMA: VEM)(FRANKFURT: V1RA)(OTCBB: VNARF) is pleased to announce that further to its press releases of June 26th and August 28th, the Company has closed in escrow the acquisition (the "Acquisition" of Forrester Resources Corp. ("Forrester", a private company that holds the option to acquire up to 85% of the mining concessions known as the "Las Princesas/La Reyna Properties" located in the District of Quiruvilca, Province of Santiago de Chuco, Region of La Libertad, in northern Peru. The only remaining condition to release the closing documents from escrow is the receipt of the Certificate of Amalgamation from the Yukon government which the parties will obtain once original documents are received by the Yukon Government in the next few days.
VEM.TO: 0.03 (unch)
Vena Announces Closing of Shares for Debt
Marketwired - Fri Nov 28, 9:45PM CST
Vena Resources Inc. (the "Company" or "Vena"
(TSX: VEM)(LMA: VEM)(FRANKFURT: V1RA)(OTCBB: VNARF) announces that further to receipt of shareholder approval at the special meeting of shareholders held November 6th, the Company has issued 1,554,166 common shares in connection with the settlement of approximately $186,500 in outstanding debt at a price of $0.12 to Juan Vegarra, the Company's current Chairman, and to a company controlled by Andres Tinajero, the Company's former CFO (the "Debt Settlement". The shares were subject to a four-month and a day hold period in accordance with applicable securities laws. VEM.TO: 0.03 (unch)
Vena Announces Closing of Private Placement Financing
Marketwired - Mon Nov 24, 8:43PM CST
Vena Resources Inc. (the "Company" or "Vena"
(TSX: VEM)(LMA: VEM)(FRANKFURT: V1RA)(OTCBB: VNARF) is pleased to announce the closing of the previously announced private placement of unsecured convertible debentures (see press releases of September 19 and November 7). In connection with this private placement, Vena has entered into unsecured convertible debenture agreements aggregating $718,000 (the "Debentures". VEM.TO: 0.03 (unch)
Vena to Drill Major Veins at the Esquilache Polymetallic Property
Marketwire Canada - Mon Nov 10, 1:04PM CST
Vena Resources Inc. ("Vena" or the "Company"
(TSX:VEM)(LMA:VEM)(FRANKFURT:V1RA)(OTCBB:VNARF) is pleased to announce the initiation of drilling at the 100% owned silver rich polymetallic Esquilache project located in Puno Department approximately 850 kilometres southwest of Lima, Peru. The Company has recently received the necessary permits for a 20 platform drill program and Ingetrol Peru SAC is mobilizing a portable rig to the property that will commence drilling this week. Community agreements, access roads, drill platforms, camp site and all required infrastructure requirements have been finalized. VEM.TO: 0.03 (unch)
Vena Appoints Nick Appleyard to Board of Directors
Marketwired - Fri Nov 07, 7:03AM CST
Vena Resources Inc. (the "Company" or "Vena"
(TSX: VEM)(LMA: VEM)(FRANKFURT: V1RA)(OTCBB: VNARF) is pleased to announce that Mr. Nick Appleyard has agreed to join Vena's board of directors, replacing John Clarke who is pursuing other ventures. VEM.TO: 0.03 (unch)
Vena Provides Update on Azulcocha West Polymetallic Project
Marketwired - Wed Oct 08, 1:01AM CDT
Vena Resources Inc. (the "Company" or "Vena"
(TSX: VEM)(LMA: VEM)(FRANKFURT: V1RA)(OTCBB: VNARF) provides a positive development for the Company on the arbitration process in Peru related to the Azulcocha West Polymetallic Project. As announced by Vena on May 26, 2014, the arbitration process in Peru returned the promising Azulcocha West polymetallic property to the Company and awarded Empresa Minera Los Quenuales S.A. ("LQ", a company owned by Glencore plc of Switzerland, US$2,342,092.51 for damages (the "Arbitral Reward" despite the fact that LQ did not comply with the original option agreement. In July, the Company filed a lawsuit for the Annulment of the Arbitral Award (the "Lawsuit" with the Superior Court of Lima on the basis that the Arbitral Award lacked grounds and was based on further contradictory and insufficient reasons that infringe the basic rules of the due process under the arbitration process. After review of the Lawsuit, the Superior Court of Lima has admitted the Lawsuit. Under Peruvian Law, the Superior Court of Lima will review whether the Arbitral Award was issued in compliance with the essential formalities that must exist in any judicial judgment or arbitral award. VEM.TO: 0.03 (unch)
Vena Announces Proposed Private Placement and Provides Corporate Update
Marketwire - Fri Sep 19, 3:35PM CDT
Vena Resources Inc. (the "Company" or "Vena"
(TSX: VEM) (LMA: VEM) (FRANKFURT: V1RA) (OTCBB: VNARF) announces that further to its press release of September 11, 2014, the Company intends to complete a non-brokered private placement of unsecured convertible debentures (the "Debentures" in the principle amount of $750,000 (the "Offering". The private placement is subject to approval by the Toronto Stock Exchange ("TSX". The Debentures will mature two years following the issuance of the Debentures and will bear interest at the rate of 10% per annum. The Debenture holders will be entitled to convert the principal amount into common shares of the Company at a conversion price of $0.15 and assuming the aggregate amount of the Offering is converted this would result in approximately 5,000,000 common shares of the Company being issued upon conversion of the Debentures. YEL.VN: 0.075 (-0.010), VEM.TO: 0.03 (unch)
Vena Closes Forrester Resources Corp. Acquisition
Marketwire - Thu Sep 11, 4:41PM CDT
Vena Resources Inc. (the "Company" or "Vena"
(TSX: VEM)(LMA: VEM)(FRANKFURT: V1RA)(OTCBB: VNARF) is pleased to announce that further to its press releases of June 26th and August 28th, the Company has closed in escrow the acquisition (the "Acquisition" of Forrester Resources Corp. ("Forrester", a private company that holds the option to acquire up to 85% of the mining concessions known as the "Las Princesas/La Reyna Properties" located in the District of Quiruvilca, Province of Santiago de Chuco, Region of La Libertad, in northern Peru. The only remaining condition to release the closing documents from escrow is the receipt of the Certificate of Amalgamation from the Yukon government which the parties will obtain once original documents are received by the Yukon Government in the next few days. VEM.TO: 0.03 (unch)
