Mr. Anthony Jackson reports
2019 CLERICY PROPERTY EXPLORATION PROGRAM AND FINANCING
Vantex Resources Ltd. has initiated a short scout drill program
on its 100-per-cent-owned Clericy project in the Abitibi region of Quebec.
The goal of this program is to investigate a linear magnetic anomaly that has not been fully evaluated in
previous drilling campaigns. Limited outcrop and deep overburden necessitate the use of a drill for these
investigations. Structural and geochemical results will be used to develop a model for future exploration on
the property. The total estimated budget for this program is $30,000.
The Clericy project is situated in the Abitibi region of Quebec and lies eight kilometres northwest of Agnico Eagle's
Laronde mine and 30 km east of Rouyn-Noranda.
The company will also do a non-brokered private placement for up to a combination of 666,667 flow-through shares and non-flow-through
units at a price of 7.5 cents per unit to raise total proceeds of $50,000.
Each unit will comprise one common share of the issuer and one common share purchase
warrant of the issuer. Each warrant will be exercisable into a common
share of the company at an exercise price of 11.5 cents with a 12-month expiry.
Shares issued pursuant to this private placement are subject to a four-month hold period from the closing
date in accordance with applicable securities laws and if required the policies of the exchange.
Finder's fees or commissions may be payable by the company in connection with this private placement.
The proceeds of this private placement are for the company's work program.
We seek Safe Harbor.
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