VAX Vantex Resources Ltd

Vantex Resources Ltd. (the "Company") (TSX VENTURE:VAX)(FRANKFURT:UD7A) has
entered into an agreement with Jones, Gable & Company Limited ("Jones, Gable")
in respect of a brokered private placement financing, for accredited investors,
at the following conditions: 


A Flow-Through financing for a maximum of $550,000 consisting of a maximum of
550 Flow-Through units (the "FT Units") at a purchase price of $1,000 per FT
Unit, on a commercially reasonable effort agency basis. Each FT Units will
consist of 5,000 flow-through common shares at a price of $0.20 and 2,500 common
share purchase warrants. Each whole warrant will entitle the holder to purchase
one additional common share in the capital of the Company for a period of twelve
months from the date of issuance, at a purchase price of $0.25 per share. 


Proceeds of the FT Units will be used for the continuation of exploration of the
Galloway property in Quebec. The expenses will constitute Canadian exploration
expenses and flow-through mining expenditures (as defined in the Income Tax Act
(Canada)), which can be renounced to purchasers for the 2011 taxation year. 


The securities issued as part of this placement are subject to a minimum hold
period of four-month-and-one-day and subject to the approval of the TSX Venture
exchange. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. This news release
may contain forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and conditions
and therefore, involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.

Vantex Resources (TSXV:VAX)
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Vantex Resources (TSXV:VAX)
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From Jan 2024 to Jan 2025