Vendome Resources Corp (TSXV:VDR) announced a non-brokered private placement of 2,850,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 142,500 on January 3, 2014. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of CAD 0.10, if the warrant is exercised within the first 12 months from the closing date and at a price of CAD 0.15 for an additional six month period.

The securities issued are subject to hold period of four months. The transaction has been conditionally approved and is tentative to final approval by the TSXV.