|
| ||||||||||||||
Vantex Sells its 50 % Interest in the Black Dog and Penaroya-Brouillan Properties to Arianne Resources LA PRAIRIE, QUEBEC--(MARKET WIRE)--Sep 19, 2008 -- The management of Vantex Resources Ltd (CDNX:VTX.V - News) ("Vantex")
announces the sale of its 50 % interest in the Black Dog
and Penaroya-Brouillan properties. The initial 50 % interest
purchase was announced on May 15 and August 26, 2006. Following
today's transaction, Arianne owns 100 % of these 2 properties. The terms of the deal specify that Arianne acquires 100% of Vantex 23 cells from the Black Dog property as well as Vantex 11 cells of the Penaroya-Brouillan property,in exchange of 300,000 common shares of Arianne. Vantex keeps a 1.5 % NSR. The Black Dog property is polymetalic and comprises 117 cells covering an area of 6,200 hectares located south of the Opinaca reservoir, in Quebec. The Penaroya-Brouillan property comprises 11 claims located south of the Massicotte project, owned by Arianne, 15 km east of the Detour Lake Mine.
Contact: Contacts:
Source:
Mr. Guy Morissette, CEO
Vantex Resources Ltd
Francois Marcotte
CFO & Investor Relations
514-685-9880
vantex@videotron.ca
http://www.vantexressources.com
Source: Vantex Resources Ltd.
| ||||||||||||||