VENERABLE VENTURES LTD. ("VLV")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: June 2, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing documentation of an Amendment Agreement dated May 15, 2014 between Venerable Ventures Ltd. (the "Issuer") and Robert Carmichael and Landmark Geological Inc. (collectively, the "Optionors") which amends the option agreement dated April 26, 2011 concerning the right to acquire a 100% interest in certain mining claims (the "Property") located in the Nechako Plateau near Vanderhoof, British Columbia. Two additional claims totalling approximately 2,360 hectares have been added to the Property. The Property now comprises 24 mineral tenures with a total area of approximately 9,631 hectares.
The third anniversary payment of $180,000 and issuance of 400,000 shares of the Issuer, due May 23, 2014, has been extended by 18 months to November 23, 2015, along with the remaining exploration expenditures required under the option agreement. In consideration for the addition of the new claims and the extension of the option agreement, the Issuer will make additional payments totalling $20,000 and issue 400,000 additional shares to the Optionors. The Issuer will also undertake a surface exploration program prior to August 31, 2014, on the new claims with a work commitment of $20,000.
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