VENERABLE VENTURES LTD. ("VLV") BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement BULLETIN DATE: February 23, 2016 TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Inc.'s (the "Exchange") Bulletins dated May 24, 2011 and June 2, 2014, the Exchange has accepted for filing documentation pertaining to an amendment to Venerable Ventures Ltd.'s (the "Company") property option agreement (the "Amending Agreement") with Robert Carmichael and Landmark Geological Inc. (collectively, the "Optionors") in respect of the Trout property, near Vanderhoof, British Columbia (the "Property").
Pursuant to the Amending Agreement, the Company has now completed the final purchase of a 100% interest in the Property, having made a final payment of $10,000 and issued 4,000,000 shares in the Company to the Optionors in equal shares.
The Property is subject to a 2% NSR. The NSR has a repurchase option.
Insider / Pro Group Participation: N/A
For additional information please refer to the Company's news releases dated November 30, 2015 and February 22, 2016. ________________________________________
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