TORONTO, ONTARIO--(CCNMatthews - Sept. 14, 2005) - Vedron Gold Inc. (TSX-V:VG) today announced the completion of a non-brokered private placement of 5,000,000 units of the company at $0.25 per unit, for gross proceeds of $1,250,000. Each unit consists of one common share and one-half of one common share purchase warrant. Each full warrant entitles the holder to purchase one common share of the Company at a price of $0.35 per share for a period of 18 months following the closing date. An additional 250,000 shares have been issued for payment of a finders fee.
Proceeds from the private placement will be used for the Company's operating expenses and exploration on the Company's mineral properties in Ontario. The shares are subject to a four month hold period.
SHARES: 54,558,947
FOR FURTHER INFORMATION PLEASE CONTACT:
Vedron Gold Inc.
Thomas Meredith
President
(416) 368-0099
(416) 368-1539 (FAX)
