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Vendome Resources Corp
Symbol VDR
Shares Issued 52,586,133
Close 2014-09-18 C$ 0.03
Market Cap C$ 1,577,584
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Vendome to acquire La Diana for 12 million shares

2014-09-22 14:08 ET - News Release

Mr. John Priestner reports

VENDOME RESOURCES ACQUIRES 100% INTEREST IN THE LA DIANA CONCESSION

Vendome Resources Corp., subsequent to receipt of the customary regulatory approvals, has finalized an agreement with Camsim Minas SA de CV of Mexico City, Mexico, to acquire a 100-per-cent interest in the 14,722-hectare La Diana concession by terminating all obligations under a previous option agreement dated Sept. 2, 2010, in consideration for the issuance of 12 million common shares of Vendome, of which two million shares were granted on Dec. 20, 2013, for the total of net 10 million common shares. No additional compensation, cash payments, future production royalties or any other consideration will be paid in connection with this transaction.

Chief executive officer of Vendome, John Priestner, commented: "The La Diana concession is located in the heart of the highly prolific Sierra Madre del Sur precious metals belt in southern Mexico. This acquisition is part of the company's strategy to acquire a 100-per-cent undivided ownership interest in mineral concessions that we believe to have unusually high exploration potential in known precious metals districts. We will continue to aggressively pursue additional acquisition opportunities as they become available, with a view to building shareholder value in the most efficient and cost-effective manner possible."

In accordance with TSX Venture Exchange Policy 4.1, the company also announces that it has withdrawn its private placement offering as previously announced on June 13, 2014.

We seek Safe Harbor.

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