DENVER, CO, March 15, 2018 /CNW/ - Resource Capital Fund VI
L.P. ("RCF VI") reports that on March
15, 2018, it sold an aggregate of 5,350,000 warrants (the
"Sold Warrants") of Vendetta Mining Corp. (the
"Company") exercisable for 5,350,000 common shares of the
Company (the "Common Shares"), representing approximately
4.1% of the issued and outstanding Common Shares assuming exercise
of the Sold Warrants. RCF VI sold: (i) 4,600,000 Sold Warrants with
an exercise price of CDN$0.10 per
Common Share pursuant to a private agreement with third party
purchasers at a price per Sold Warrant of CDN$0.08; and (ii) 750,000 Sold Warrants with an
exercise price of CDN$0.13 per Common
Share pursuant to a private agreement with a third party purchaser
at a price per Sold Warrant of CDN$0.05, for combined gross proceeds of
CDN$405,500.
Prior to the disposition of the Sold Warrants, RCF VI owned and
controlled 19,409,231 Common Shares and 6,890,000 warrants,
representing approximately 19.8% of the issued and outstanding
Common Shares on a partially diluted basis. Immediately following
the disposition of the Sold Warrants, RCF VI owned and controlled,
directly or indirectly, 19,409,231 Common Shares and 1,540,000
warrants, representing approximately 16.5% of the current issued
and outstanding Common Shares on a partially diluted basis.
RCF VI disposed of the Sold Warrants in accordance with its
investment policy. RCF VI may from time to time acquire additional
securities, dispose of some or all of the existing or additional
securities or may continue to hold the securities of the
Company.
The Company's head office is located at #1500 - 409 Granville
Street, Vancouver, BC V6C 1T2.
To obtain a copy of the early warning report filed under
applicable Canadian securities laws in connection with the
transactions hereunder, please see the Company's profile on the
SEDAR website www.sedar.com.
About Resource Capital Fund VI L.P.
RCF VI is a private investment fund existing under the laws of
the Cayman Islands.
SOURCE Resource Capital Fund VI L.P.