Vendome's Wholly-Owned Subsidiary Provides Update for San Javier Mine Property (Mexico)
Vendome Resources Corp. (VDR.V) has touched a day high 19 cents compared to an existing year high 23 cents as it announced that the TSX Venture Exchange has accepted for filing documentation pertaining to the Letter Agreement dated November 28, 2011 between its wholly-owned Mexican subsidiary (Vendome Minas, S.A. de C.V.) and Camsim Minas S.A. de C.V. (Camsim), whereby the Company has the option to acquire a 50% interest in the San Javier Mine property located within the municipality of Malinaltepec, State of Guerrero, Mexico.
As consideration, the Company must make to Camsim aggregate cash payments of $325,000, issue 3,000,000 common shares over a two year period, and incur $3,000,000 in exploration expenditures over a three year period.
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