Vancouver, BC – November 27, 2020 − Vendetta Mining Corp. (VTT-TSX:V) (“Vendetta” or the “Company”) is is pleased to announce that it is increasing its previously announced non-brokered private placement (see News Release #18, dated November 5, 2020) from 13,750,000 units to 17,083,333 units a price of $0.06 per unit. Each Unit will be comprised of one common share and one-half of one common share purchase warrant, exercisable for three years, at a price of $0.09.
The private placement is subject to the approval of the TSX Venture Exchange and the securities will be subject to a four month and one day hold period under securities laws.
Net proceeds from the financing will be used to advance the development of the Companies 100% owned Pegmont Lead-Zinc project and general working capital.
About Vendetta Mining Corp.
Vendetta Mining Corp. is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties with an emphasis on lead and zinc. It is currently focused on advancing the Pegmont Lead Zinc project in Australia. Additional information on the Company can be found at www.vendettaminingcorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS
President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.