/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
WIRE SERVICES/
VANCOUVER, BC, June 4, 2024
/CNW/ - Venerable Ventures Ltd. (the "Company") (TSXV: VLV)
announces a non-brokered private placement (the "Financing") for
aggregate gross proceeds of $300,000.
The Offering will consist of 6,000,000 units (the "Units") at a
price of $0.05 per Unit. Each Unit
will consist of one common share and one full common share purchase
warrant (a "Warrant") with each Warrant entitling the holder to
acquire an additional common share at an exercise price of
$0.065 for a period of five (5) years
from the date of issuance.
Completion of the Offering remains subject to the approval of
the TSX Venture Exchange. All securities issued in connection with
the Offering will be subject to a four-month-and-one-day statutory
hold period. The Company anticipates paying finders' fee to certain
eligible parties who introduce subscribers to the placement.
The Company intends to use the net proceeds from the Offering
for working capital and general corporate purposes.
ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER
THE US. SECURITIES ACT OF 1933 (THE "1933 ACT") AND MAY NOT
BE OFFERED OR SOLD IN THE UNITED
STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH
REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF
THE 1933 ACT.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful.
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.
SOURCE Venerable Ventures Ltd.