Vena Resources Closes $250,000 Second Tranche of Private Placement

TORONTO, July 27, 2016 /CNW/ - Vena Resources Inc. (the "Company" or "Vena") (NEX: VEM.H) announces that it has closed the second tranche of the private placement that was announced in a press release dated June 10, 2016 through the issuance of 5,000,000 units at a price of $0.05 per unit for aggregate proceeds of $250,000.  Each unit consisted of one common share and one common share purchase warrant with each full warrant entitling the holder to purchase one common share at $0.05 for a period of one year from the closing date.  Finder's fees of $17,500 and finder's warrants totaling 350,000 units were paid to Pollitt & Co. Inc.  The private placement is subject to regulatory approvals and the securities issued are subject to a four month hold period. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Vena Resources Inc.

For further information on Vena Resources, please visit the Company website at www.venaresources.com, or contact Dennis Gibson, Chief Financial Officer, at 416 599 7363 or [email protected]