🕐09.07.14 - 22:54 Uhr
VENDOME RESOURCES ENTERS INTO ADVANCED DISCUSSIONS TO ACQUIRE LA DIANA CONCESSION
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VENDOME RESOURCES ENTERS INTO ADVANCED DISCUSSIONS TO ACQUIRE LA DIANA CONCESSION
TORONTO, CANADA, July 9, 2014 - VENDOME RESOURCES CORP.
("Vendome" or "Company")
(TSXV:VDR, FRANKFURT:9VR), a Toronto, Canada based minerals exploration company
with key exploration assets in Guerrero State, Mexico and The Borden Gold District,
Ontario, Canada, is pleased to announce that it has entered into advanced discussions
with Camsim Minas SA de CV ("Camsim"), of Mexico City, Mexico, with a view to acquiring
100% of Camsims wholly-owned "La Diana" concession located in the heart of the
highly prolific Sierra Madre del Sur precious metals belt in Southern Mexico.
Vendome
and Camsim have had a working relationship for the past three and a half years under
the existing La Diana concession earn-in agreement and both parties feel that the
time is right to finalize a mutually rewarding arrangement.
Vendome Chief Executive Officer John Priestner commented "We believe the La Diana
Project to be of tremendous merit and that it has unusually high exploration potential.
Since my arrival to the Company I have made it a priority, as part of our corporate
strategy, to build shareholder value.
An integral part of this strategy is to acquire
a 100% ownership of the La Diana concession.
To that end, we are focused on concluding
a very fair and equitable transaction for the Vendome shareholders in the not-too-distant-future."
Derek Sutherland, Director General of Camsim stated "After working professionally
with, and moreover, having become personally acquainted with Vendomes new management
over the past eight months, we feel very comfortable and confident in their abilities
to lead the La Diana Project through the exploration and development stage.
I am
very impressed not only with their new Chief Executive Officers leadership skills,
but also the geological expertise that the management team is able to bring to the
project.
Personally, I am enthusiastic about what the future could represent to
the Camsim shareholders under Vendomes 100% ownership of the project."
ABOUT VENDOME:
Vendome is a mining exploration company located in Toronto, Canada.
Our primary
focus is to advance our flagship properties, San Javier, La Diana and San Miguel,
which are located in the heart of the Sierra Madre del Sur precious metals belt,
in the State of Guerrero, Mexico.
The three properties encompass an area of over
17,000 hectares and have reported high grade silver samples of up to 15,000 g/t.
Vendome also owns property in the center of the Borden Lake Gold District in Ontario,
Canada.
Recently, Probe Mines Inc.
(TSXV:PRB) made a major gold discovery in the
Borden Lake area within the Kapuskasing Structural Zone ("KSZ"), which is located
60 kilometers to the southwest of our wholly-owned concessions.
Our land assemblage
is located in the KSZ, shares the same geological formation with Probe and is on
strike with Probes multi-million ounce gold deposit.
Borden Lake has become a
new focus area for our team.
Vendome Resources Corp.
is managed by an experienced team of mining professionals
with extensive operating and financial experience.
ON BEHALF OF THE BOARD OF DIRECTORS OF VENDOME RESOURCES CORP.
W.
John Priestner
President and Chief Executive Officer
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release contains "forward-looking information" including statements with
respect to the future exploration performance of the Company.
This forward-looking
information involves known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements of the Company, expressed
or implied by such forward-looking statements.
These risks, as well as others, are
disclosed within the Companys filing on SEDAR, which investors are encouraged to
review prior to any transaction involving the securities of the Company.
Forward-looking
information contained herein is provided as of the date of this news release and
the Company disclaims any obligation, other than as required by law, to update
any forward-looking information for any reason.
There can be no assurance that forward-looking
information will prove to be accurate and the reader is cautioned not to place undue
reliance on such forward-looking information.
Contact:
Vendome Resources Corp.
Robert Chisholm
Director
(647) 932-1604
[mailto:]
[mailto:]
www.vendomeresourcescorp.com
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Vendome Resources Corp | 133 Richmond Street West, Suite 403 | Toronto | Ontario | M5H 2L3 | Canada