Venture Minerals Limited : - Completion of $10 million Placement

Venture Minerals Limited ('VMS' or the 'Company') advises that further to the ASX announcement on 20 January 2021, the Company has completed the $10,000,000 placement to sophisticated, professional and institutional investors ('Placement').

The Company has issued 181,818,182 fully paid ordinary shares at $0.055 per share pursuant to the Placement. The Placement shares have been issued under Listing Rule 7.1 and 7.1A.

Cleansing Notice

With reference to the shares issued, in accordance with Section 708A(6) of the Corporations Act 2001(Cth)(Corporations Act), the Company gives notice under paragraph 708A(5)(e) that: 1. The shares were issued without disclosure under Part 6D.2 of the Corporations Act; 2. As at the date of this notice: a. The Company has complied with the provisions of Chapter 2M of the Corporations Act as it applies to the Company; b. the Company has complied with section 674 of the Corporations Act and c. there is no excluded information within the meaning of sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed under section 708A(6)(e) of the Corporations Act.

The Company has also issued 5,000,000 unlisted options with an exercise price of $0.077, expiring on 28 January 2023 as per the 3B date 20 January 2021. The release of this announcement was authorised by the Board of Venture Minerals Limited.

Contact:

Tel: [phone]

Email: [e-mail]

(C) 2021 Electronic News Publishing, source ENP Newswire