Vena Announces Closing of Shares for Debt
TORONTO, ONTARIO--(Marketwired - Nov 28, 2014) - 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.
For further information on Vena Resources, please visit the Company website at www.venaresources.com.
The TSX does not accept the responsibility for the adequacy or accuracy of this release.
Shares Outstanding: 85,777,382
Fully-Diluted: 94,379,388
Contact
Vena Resources Inc.
Juan Vegarra
Chairman and CEO
416 364 7739, ext. 120
jvegarra@venaresources.com
Vena Resources Inc.
Martin Walter
President
416 599 7363
mwalter@venaresources.com