Ms. Molly Campbell of Resource Capital reports
RESOURCE CAPITAL FUND VI L.P. ANNOUNCES DISPOSITION OF WARRANTS IN VENDETTA MINING
On March 15, 2018, Resource Capital Fund VI LP sold an aggregate of 5.35 million warrants of Vendetta Mining Corp. exercisable for 5.35 million common shares of the company, representing approximately 4.1 per cent of the issued and outstanding common shares assuming exercise of the sold warrants. RCF VI sold: (i) 4.6 million sold warrants with an exercise price of 10 cents per common share pursuant to a private agreement with third party purchasers at a price per sold warrant of eight cents; and (ii) 750,000 sold warrants with an exercise price of 13 cents per common share pursuant to a private agreement with a third party purchaser at a price per sold warrant of five cents, for combined gross proceeds of $405,500.
Prior to the disposition of the sold warrants, RCF VI owned and controlled 19,409,231 common shares and 6.89 million warrants, representing approximately 19.8 per cent of the issued and outstanding common shares on a partially diluted basis. Immediately following the disposition of the sold warrants, RCF VI owned and controlled, directly or indirectly, 19,409,231 common shares and 1.54 million warrants, representing approximately 16.5 per cent of the current issued and outstanding common shares on a partially diluted basis.
RCF VI disposed of the sold warrants in accordance with its investment policy. RCF VI may from time to time acquire additional securities, dispose of some or all of the existing or additional securities, or may continue to hold the securities of the company.
To obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see the company's profile on the SEDAR website.
To obtain a copy of the early warning report, please contact: Resource Capital Fund VI, 1400 16th St., Suite 200, Denver, Colo., 80202, telephone:720-946-1444, attention: Molly Campbell.
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