18:11:45 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Vantex Resources Ltd (4)
Symbol VAX
Shares Issued 3,342,564
Close 2020-01-15 C$ 0.24
Market Cap C$ 802,215
Recent Sedar Documents

ORIGINAL: Vantex Resources closes $35,000 financing

2020-01-17 19:47 ET - News Release

Received by email:

File: Attachment VAX - NR Early Warning Jackson 2020-01-16.pdf

                                     VANTEX RESOURCES LTD.
                       Suite 400-837 West Hastings Street Vancouver, B.C. V6C 3N6

   FLOW-THROUGH FINANCING FOR $35,000 CLOSED AND EARLY WARNING REPORT

Vancouver, Canada, January 17, 2020   Vantex Resources Ltd. (the "Company") (TSXV:VAX; OTC:
KTNND; FRA: KYH1): announces further to its news release December 11, 2019, the company has closed a
non-brokered private placement 466,667 flow-through shares at a price of $0.075 per share for gross proceeds
of $35,000.

In connection with the private placement, Anthony Jackson of Suite 400, 837, West Hastings St., Vancouver,
B.C., V6C 3N6, acquired direct ownership of an aggregate of 466,667 flow-through common shares in the
capital of Kootenay Zinc Corp., with offices at Suite 400, 837, West Hastings St., Vancouver, B.C., V6C 3N6,
which increased Mr. Jackson's percentage ownership of common shares of the issuer held from 8.60 per cent
to 19.80 per cent. The shares were acquired through a private placement at a price of 0.075 cents per share for
an aggregate sale price of $35,000. The shares represented 12.25 per cent of the issuer's then issued and
outstanding common shares as at the date of sale.

Immediately before the transaction that triggered the requirement to issue this news release, Mr. Jackson
owned and controlled 287,500 common shares of the issuer, representing approximately 8.60 per cent of the
issuer's then issued and outstanding common shares. Immediately after the transaction that triggered the
requirement to issue this news release, Mr. Jackson owned 754,167 common shares of the issuer, representing
approximately 19.80 per cent of the issuer's then issued and outstanding common shares.

The shares were acquired of to finance the Company and Mr. Jackson will evaluate his investment in the issuer
and will increase or decrease his investment by future acquisitions or dispositions of securities of the issuer at
his discretion, as circumstances warrant. As of the date hereof, Mr. Jackson has no immediate future intention
to acquire additional securities of the issuer or dispose of securities of the issuer that he beneficially owns.

A report respecting this disposition, which is incorporated herein by reference, will be electronically filed with
the securities commissions in Alberta, Ontario and British Columbia, and will be available for viewing on
SEDAR. To obtain a copy of the report, contact Mr. Jackson at 604-283-1722.

This press release is being disseminated as required by National Instrument 62-103 The Early Warning System
and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning
report (the "Early Warning Report").



VANTEX RESOURCES LTD.

Per:
        Anthony Jackson
        CEO
        Number: 604-283-1722
 


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