Vega Mining Receives Approval for Vega Star Properties

pdf_buttonMay 20, 2014: Vega Mining Inc. (Vega) (TSX-V symbol: VMI) announces that it has received TSX Venture Exchange approval of the option agreement (the “Option Agreement”) dated February 26, 2014 with Pistol Bay Mining Inc. (“Pistol Bay”) whereby Vega may earn a 70% interest in the Summit A&D properties (the “Property”).  Vega intends to rename the Summit D property Vega Star 1 and the Summit A property Vega Star 2.  The Property adjoins the boundary of Imperial Metals’ Red Chris Copper-Gold project, located 80km south of the town of Dease Lake in the Iskut area of northern British Columbia.

In July 2013 UTM Exploration Services Ltd. (UTM) of Smithers, British Columbia mobilized a crew to conduct field mapping and sampling on areas of the Property (approximately 7,106 hectares) which were not previously explored in 2010.  In 2010 work done on the Property included a soil geochemical survey and minor geological mapping and stream silt sampling, resulting in 102 soil samples and 7 silt samples.  Two anomalous gold values were found.  Work was concentrated around the northern third of the Property, and the southern quarter.  Work resulted in a few anomalous soil samples suggesting potential in the southwest and north.

The purpose of the July 2013 work program was to follow up on the success of the 2010 field program and identify possible new trends, as well as to discover new areas of interest and mineralization.  More exploratory work was to focus on the Summit D (Vega Star 1) area in the north of the claim group where favorable Hazelton group Calc-Alkaline volcanics and coincident copper mineralization has been exposed and discovered in recent years, both on neighbouring claims of other Minfile and tenure holders as well as the success of 2010 rock sampling.

During the 2013 field program, 51 rock samples were taken over the Property.  All but 7 samples were taken from outcrop.  The Property was traversed following a similar path taken during the 2010 exploration field program with focus on following up on the areas where assay values were elevated.  In the process of this follow up work, numerous new locations were discovered that yielded visual mineralization and oxidation that warranted sampling.

As the sampling progressed and more and more areas were exhibiting significant malachite staining and sulphide mineralization, the sampling traverses were then focused on following any and all apparent trends of this newly found mineralization.  An apparent trend of copper mineralization, all within similar calc-alkaline rocks, extends an assumed 1200m from the 2010 rock sample that assayed 0.85% Cu to the 2013 sample #54872 that assayed 0.84% Cu.

Additional favourably mineralized and altered float boulders, 2km north of this trend, yielded 2 samples of 1.00% Cu and 0.71% Cu respectively.  The source outcrop of these samples remains unknown.  In addition, a single rock sample taken in strongly veined andesitic rocks along the claims on the eastern side of the KlappanRiver produced a sample boasting 8.78 g/t Au.

The 2013 field program yielded a significant upside to the property in that there is what appears to be a new discovery on the Summit D (Vega Star 1) portion of the claim group and the new corridor of mineralization is open in all directions.  To date, the Property has seen minimal exploration activity; however, given the amount of excitement generated in the area in the past year, coupled with the geological upside of the location of the mineralization, further work is warranted on the Property to better determine the extent of this new discovery.

Technical information in this news release has been prepared and/or revised by Mike Magrum, PEng, a qualified person as defined in NI 43-101.

Under terms of the Option Agreement, Vega has the option to earn an initial 60% interest in the Property by completing $1,500,000 in exploration expenditures, making $110,000 in cash payments to PistolBay and issuing Pistol Bay 3,500,000 common shares over the next three years.  If Vega earns the initial 60% interest in the Property, it may earn an additional 10% for a total of a 70% total interest by spending an additional $1,000,000 on exploration work by the date which is five years from Exchange Approval.

The Company further announces that it will not be proceeding with the option agreements on the Cameron and Lochaber graphite properties located in Quebec.

Vega Mining Inc. (TSX-V symbol: VMI) is a Canadian junior exploration company focused on discovering gold and graphite deposits in politically safe jurisdictions.

 

For additional information please contact:

Archie Boyce: info@vegamininginc.com

Telephone: (604) 683 5445 or visit www.vegamininginc.com

 

On behalf of the board of

VEGA MINING INC.

“Archie Boyce”

Archie Boyce

President

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible

Vega Acquires Sheslay Valley Property, Northwestern British Columbia

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April 23, 2014: Vega Mining Inc. (Vega) (TSX-V symbol: VMI) is pleased to announce that it has entered into an option agreement (the “Option Agreement”), subject to regulatory approval, whereby Vega may earn a 100% interest in the 2,567 hectare (6,343 acres) “Sheslay Property” (the “Property”).

The Property is located in the Sheslay Valley, Northwestern British Columbia.  The claims lie approximately 60 kilometres northwest of Vega’s 7,106 hectare Vega Star 1 & 2 properties adjoining Red Chris Mines’ copper/gold project.  Vega has an option, pending regulatory approval, to earn a 70% interest in the Vega Star 1 & 2 properties.

 

About The Sheslay Valley Area 

Approximately 2 kilometres south of Vega’s Sheslay Property, Prosper Gold announced drill results (see October 1, 2013 news) of :

DDH

From

to

intersection

Cu%

Au g/t

Ag g/t

S024

4.88 metres

317.04 metres EOH

312.16 metres

0.37

0.24

0.69

S025

7 metres

276 metres

269 metres

0.42

0.198

0.61

S026

11 metres

274 metres EOH

263 metres

0.35

0.15

0.63

 

In addition, Doubleview Capital recently announced (see January 20, 2014 news – from its Hat Property approximately 2 kilometres southeast of Vega’s Sheslay Property) drill hole H-11 starting from surface returned 313.11 metres (1027.3 ft) with 0.32% CuEq, including 61.08 metres with 0.52% CuEq (including 21.34 metres of 1.05% CuEq), and 51.82 metres with 0.62% CuEq.  Furthermore, drill holes H-8 and H-11 ended in Copper Mineralization and on the basis of geological characteristics, mineralization and size potential, Doubleview believes that its Hat property qualifies as a “copper-gold alkali porphyry” type deposit.

Vega’s Sheslay Property as well as its Vega Star 1 & 2 properties is located in the Stikine District that includes the large Galore Creek, Schaft Creek, Red Chris and Kutcho copper deposits that collectively have 7.65M tonnes copper, 14.9M oz gold and 148.5M oz silver in measured and indicated resources.  This whole area is situated in the Stikine tectonic terrane of middle Mesozoic volcaniclastic formations and related alkali intrusions that parallels and is analogous to the Quesnellia terrane that hosts the Princeton Highland Valley-Gibraltar-Kemess, et al. copper deposits.  

Technical information in this news release has been prepared and/or revised by Mike Magrum, PEng, a qualified person as defined in NI 43-101. 

Terms of the Agreement

Under terms of the Option Agreement, subject to TSX Venture Exchange (the “Exchange”) approval, the Company has the option to earn a 100% interest in the Property by making $37,000 in cash payments to the Vendor and issuing 1,000,000 common shares as follows:

 

Date

Cash Payment

Share Issuance

On the Effective Date

$10,000

Nil

On Exchange approval of the Option Agreement

Nil

250,000 common shares

On or before the date which is One Year from Exchange Approval

$12,000

350,000 common shares

On or before the date which is Two years from Exchange Approval

$15,000

400,000 common shares

Total:

$37,000

1,000,000 common shares

The Vendor will retain a 2% Net Smelter Royalty (NSR) on the property upon completion of the terms of the Option Agreement, of which 1% of the NSR can be purchased for the sum of Seven Hundred Fifty Thousand Dollars ($750,000) at any time up to when a production decision is made.  Finders’ fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with this acquisition.

Vega Mining Inc. Inc. (TSX-V symbol: VMI) is a Canadian junior exploration company focused on discovering gold and graphite deposits in politically safe jurisdictions.

For additional information please contact:

Archie Boyce: info@vegamininginc.com

Telephone: (604) 683 5445 or visit www.vegamininginc.com

 

On behalf of the board of

VEGA MINING INC.

“Archie Boyce”

Archie Boyce

President

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible

Vega Mining Grants Options

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April 16, 2014: Vega Mining Inc. (Vega) (TSX-V symbol: VMI) announces that pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the aggregate of 575,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.075 per share.

Vega Mining Inc. Inc. (TSX-V symbol: VMI) is a Canadian junior exploration company focused on discovering gold and graphite deposits in politically safe jurisdictions.

For additional information please contact:

Archie Boyce: info@vegamininginc.com

Telephone: (604) 683 5445 or visit www.vegamininginc.com

On behalf of the board of

VEGA MINING INC.

“Archie Boyce”

Archie Boyce

President

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible

Vega Mining Close Tranche of Private Placement

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April 14, 2014: Vega Mining Inc. (Vega) (TSX-V symbol: VMI) is pleased to announce that it has closed a tranche of the non-brokered private placement previously announced February 26th 2014.  

A total of 1,725,000 units will be issued as non flow-through units at a price of $0.05 per unit for total proceeds of $86,250.  Each unit will consist of one common share and one share purchase warrant.  Each warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for 18 months from the date of closing.

Shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period of four months expiring August 12th 2014.  The proceeds of the private placement will be used for general working capital.

Finders’ fees: Haywood Securities Inc. – $3,375 cash and 67,500 Broker warrants.  Each Broker Warrant is convertible into units of the Company at an exercise price of $0.05 until expiration on October 11th 2015.  Each unit comprises one share and one warrant exercisable at $0.10 per share for 18 months from the date of closing.

The Company further reports that it has closed the flow through private placement previously announced February 24th 2014.  The Company announced February 26th 2014 that it had closed on a tranche in which it issued 900,000 units raising an aggregate of $63,000.

Vega Mining Inc. Inc. (TSX-V symbol: VMI) is a Canadian junior exploration company focused on discovering gold and graphite deposits in politically safe jurisdictions.

For additional information please contact:

Archie Boyce: info@vegamininginc.com

Telephone: (604) 683 5445 or visit www.vegamininginc.com

On behalf of the board of

VEGA MINING INC.

“Archie Boyce”

Archie Boyce

President

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible

Vega Mining Options 7,000+ Hectares Adjoining Imperial Metals’ Red Chris deposit in Northern British Columbia

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February 26, 2013: Vega Mining Inc. (Vega) (TSX-V symbol: VMI) is pleased to announce that it has entered into an option agreement (the “Option Agreement”) dated February 26, 2014 (the “Effective Date”) with Pistol Bay Mining Inc. (“Pistol Bay”) whereby Vega may earn a 70% interest in the Summit A&D properties (the “Property”).  Vega intends to rename the Summit D property Vega Star 1 and the Summit A property Vega Star 2.

 

In early February 2014, Pistol Bay received the final Assessment Report and accompanying assay results from the field program conducted on the Property adjoining the boundary of Imperial Metals’ Red Chris Copper-Gold project, located 80km south of the town of Dease Lake in the Iskut area of northern British Columbia.

 

In July 2013 UTM Exploration Services Ltd. (UTM) of Smithers, British Columbia mobilized a crew to conduct field mapping and sampling on areas of the Property (approximately 7,106 hectares) which were not previously explored in 2010.  In 2010 work done on the Property included a soil geochemical survey and minor geological mapping and stream silt sampling, resulting in 102 soil samples and 7 silt samples.  Two anomalous gold values were found.  Work was concentrated around the northern third of the Property, and the southern quarter.  Work resulted in a few anomalous soil samples suggesting potential in the southwest and north.

 

The purpose of the July 2013 work program was to follow up on the success of the 2010 field program and identify possible new trends, as well as to discover new areas of interest and mineralization.  More exploratory work was to focus on the Summit D (Vega Star 1) area in the north of the claim group where favorable Hazelton group Calc-Alkaline volcanics and coincident copper mineralization has been exposed and discovered in recent years, both on neighbouring claims of other Minfile and tenure holders as well as the success of 2010 rock sampling.

 

During the 2013 field program, 51 rock samples were taken over the Property.  All but 7 samples were taken from outcrop.  The Property was traversed following a similar path taken during the 2010 exploration field program with focus on following up on the areas where assay values were elevated.  In the process of this follow up work, numerous new locations were discovered that yielded visual mineralization and oxidation that warranted sampling.

 

As the sampling progressed and more and more areas were exhibiting significant malachite staining and sulphide mineralization, the sampling traverses were then focused on following any and all apparent trends of this newly found mineralization.  An apparent trend of copper mineralization, all within similar calc-alkaline rocks, extends an assumed 1200m from the 2010 rock sample that assayed 0.85% Cu to the 2013 sample #54872 that assayed 0.84% Cu.

 

Additional favourably mineralized and altered float boulders, 2km north of this trend, yielded 2 samples of 1.00% Cu and 0.71% Cu respectively.  The source outcrop of these samples remains unknown.

 

In addition, a single rock sample taken in strongly veined andesitic rocks along the claims on the eastern side of the Klappan River produced a sample boasting 8.78 g/t Au.

 

The 2013 field program yielded a significant upside to the property in that there is what appears to be a new discovery on the Summit D (Vega Star 1) portion of the claim group and the new corridor of mineralization is open in all directions.  To date, the Property has seen minimal exploration activity; however, given the amount of excitement generated in the area in the past year, coupled with the geological upside of the location of the mineralization, further work is warranted on the Property to better determine the extent of this new discovery.

 

For favourable assay results from the 2013 sampling program and within the new discovery trend – see Pistol Bay’s news release dated February 5th 2014.  (To view rock sample photos visit Pistol Bay’s website at www.pistolbaymining.com.)

 

Technical information in this news release has been prepared and/or revised by Mike Magrum, PEng, a qualified person as defined in NI 43-101.

 

Under terms of the Option Agreement, subject to TSX Venture Exchange (the “Exchange”) approval, Vega has the option to earn an initial 60% interest in the Property by completing $1,500,000 in exploration expenditures on the Property, making $110,000 in cash payments to Pistol Bay and issuing Pistol Bay 3,500,000 common shares over the next three years as follows:

 

Date

Cash Payment

Share Issuance

Expenditure Requirement

On the Effective Date

$15,000

Nil

Nil

On Exchange approval of the Option Agreement

Nil

500,000 common shares

Nil

On or before the date which is six months from Exchange Approval

$20,000

500,000 common shares

Nil

On or before the date which is one year from Exchange Approval

Nil

Nil

$250,000

On or before the date which is two years from Exchange Approval

$35,000

1,000,000 common shares

$500,000

On or before the date which is three years from Exchange Approval

$40,000

1,500,000 common shares

$750,000

Total

$110,000

3,500,000

$1,500,000

 

If Vega earns the initial 60% interest in the Property, it may earn an additional 10% for a total of a 70% interest by spending an additional $1,000,000 on exploration work by the date which is five years from Exchange Approval.

 

The Company also announces that it has closed the first tranche of the non-brokered private placement previously announced February 24th 2014.

 

A total of 900,000 units will be issued as flow-through units at a price of $0.07 per unit for total proceeds of $63,000.  Each unit will consist of one common share and one half of one share purchase warrant.  Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.12 per share for 18 months from the date of closing.

 

Shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period of four months expiring June 26th 2014.  The proceeds of the private placement will be used for exploration work on the Company’s projects.

 

Finders Fee: EMD Financial Inc. – $6,300 cash and 90,000 Broker warrants.  Each Broker Warrant is convertible into non-flow through units of the Company at an exercise price of $0.07 until expiration on August 25th 2015.  Each unit comprises one share and one half of one share purchase warrant  Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.12 per share for 18 months from the date of closing.

 

The Company further announces that it has arranged a non-brokered private placement of up to 5,000,000 units for total proceeds of up to $250,000 subject to the approval of the TSX Venture Exchange.  Up to 5,000,000 units will be issued as non flow-through units at a price of $0.05 per unit consisting of one common share and one share purchase warrant.  Each warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for eighteen (18) months from the date of closing.  The proceeds of the private placement will be used for general working capital.  Finder’s fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering.

 

Vega Mining Inc. Inc. (TSX-V symbol: VMI) is a Canadian junior exploration company focused on discovering gold and graphite deposits in politically safe jurisdictions.

 

For additional information please contact:

Archie Boyce: info@vegamininginc.com

Telephone: (604) 683 5445 or visit www.vegamininginc.com

 

On behalf of the board of

VEGA MINING INC.

 

“Archie Boyce”

 

Archie Boyce

President

 

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

 

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible

Vega Mining Announces Private Placement

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February 24, 2014: Vega Mining Inc. (Vega) (TSX-V symbol: VMI) announces that it has arranged a non-brokered private placement of up to 3,500,000 units for total proceeds of up to $245,000; subject to the approval of the TSX Venture Exchange.  Up to 3,500,000 units will be issued as flow-through units at a price of $0.07 per unit consisting of one common share and one half of one whole warrant.  Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.12 per share for eighteen (18) months from the date of closing.  The proceeds of the private placement will be used for exploration activities on its graphite properties.  Finder’s fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering

 

Vega Mining Inc. Inc. (TSX-V symbol: VMI) is a Canadian junior exploration company focused on discovering gold and graphite deposits in politically safe jurisdictions.

 

For additional information please contact:

Archie Boyce: info@vegamininginc.com

Telephone: (604) 683 5445 or visit www.vegamininginc.com

 

On behalf of the board of

VEGA MINING INC.

 

“Archie Boyce”

 

Archie Boyce

President

 

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

 

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible

Vega Mining Closes Private Placement

February 18, 2014: Vega Mining Inc. (Vega) (TSX-V symbol: VMI) is pleased to announce that it has closed the non-brokered private placement previously announced November 25th 2013.

A total of 3,140,000 units will be issued as non flow-through units at a price of $0.05 per unit for total proceeds of $157,000. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for 18 months from the date of closing.

Shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period of four months expiring June 14th 2014. The proceeds of the private placement will be used for general working capital.

The following insiders participated in the private placement: Archie Boyce 400,000 units. Finders’ fees: Haywood Securities Inc. – $5,000 cash and 100,000 Broker warrants and EMD Financial Inc. – $1,500 cash and 30,000 Broker Warrants. Each Broker Warrant is convertible into units of the Company at an exercise price of $0.05 until expiration on August 14th 2015. Each unit comprises one share and one warrant exercisable at $0.10 per share for 18 months from the date of closing.

Vega Mining Inc. (TSX-V symbol: VMI) is a Canadian junior exploration company focused on discovering gold and graphite deposits in politically safe jurisdictions.

 

For additional information please contact:

Archie Boyce: info@vegamininginc.com

Telephone: (604) 683 5445 or visit www.vegamininginc.com

 

On behalf of the board of

VEGA MINING INC.

 

“Archie Boyce”

 

Archie Boyce

President

 

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

 

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

Vega Mining Grants Options

December 17, 2013: Vega Mining Inc. (Vega) (TSX-V symbol: VMI) announces that pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, consultants, and employees to purchase in the aggregate of 240,000 common shares in the capital stock of the company, subject to regulatory approval, exercisable for a period of five years, at a price of $0.07 per share.

The Company further announces that Charles Desjardins will be assuming the position of Chairman of the Board.

In early 2014, the Company expects to initiate work on its wholly owned Canadian graphite properties as well as investigate other opportunities that could enhance shareholder value.

Vega Mining Inc. is a Canadian junior exploration company focused on discovering gold and graphite deposits in politically safe jurisdictions.

 

For additional information please contact:

Archie Boyce: info@vegamininginc.com

Telephone: (604) 683 5445 or visit www.vegamininginc.com

 

On behalf of the board of

VEGA MINING INC.

 

“Archie Boyce”

 

Archie Boyce

President

 

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

 

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

Vega Receives Approval for Share Consolidation and Name Change

December 13, 2013 — Vega Mining Inc. (Vega) (TSX VENTURE: VMI) announces that the TSX Venture Exchange has approved the share consolidation and name change. On November 25th 2013, the Company announced that the Board of Directors approved a consolidation of the Company’s common shares on the basis of up to one (1) post-consolidated share for every ten (10) pre-consolidated shares (the “Consolidation”). In addition, the Company also proposed to change its name to Vega Mining Inc.

Commencing December 16th 2013, the Company’s common shares will trade on a post-consolidation basis under the name of Vega Mining Inc. The new symbol will be VMI on the TSX Venture Exchange.

Currently, the Company has 40,201,168 issued and outstanding common shares. Post consolidation the Company will have approximately 4,020,117 common shares outstanding. The exact number of post-consolidated shares will vary depending on the treatment of fractional shares, which will occur when each shareholder’s holdings in the Company are consolidated. Outstanding stock options and warrants will also be adjusted by the consolidation ratio and the respective exercise prices of outstanding stock options and warrants will be adjusted accordingly. Registered shareholders will receive a letter of transmittal from Computershare Trust Company, the Company’s transfer agent, with instructions for exchanging their pre-consolidation shares.

Vega Mining Inc. (TSX VENTURE: VMI) is a Canadian junior exploration company focused on discovering gold and graphite deposits in politically safe jurisdictions.

On behalf of the board of VEGA MINING INC.

Archie Boyce, President

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

Cautionary note:

This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

Vega Mining Inc.
Archie Boyce
(604) 683 5445
info@vegamininginc.com
www.vegamininginc.com

Vega Mining Announces Share Consolidation, Name Change and Financing

November 25, 2013: Vega Mining Inc. (Vega) (TSX-V symbol: VMI) reports that the Board of Directors has approved, subject to the approval of the TSX Venture Exchange, a consolidation of the Company’s common shares on the basis of up to one (1) post-consolidated share for every ten (10) pre-consolidated shares (the “Consolidation”).  In addition, the Company also proposes to change its name to Vega Mining Inc.

 

Currently, the Company had 40,201,168 issued and outstanding common shares.  Following the Consolidation, the Company will have approximately 4,020,116 shares outstanding.  No fractional shares will be issued, but will instead be rounded as provided for in the Business Corporations Act (British Columbia).

 

The Company further announces that it has arranged, post consolidation, a non-brokered private placement of up to 5,000,000 units for total proceeds of up to $250,000; subject to the approval of the TSX Venture Exchange.  Up to 5,000,000 units will be issued as non flow-through units at a price of $0.05 per unit consisting of one common share and one whole warrant.  Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for eighteen (18) months from the date of closing.  The proceeds of the private placement will be used for exploration activities on its graphite properties and for general working capital.  Finder’s fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering

 

Vega Mining Inc. (TSX-V symbol: VMI) is a Canadian junior exploration company focused on discovering gold and graphite deposits in politically safe jurisdictions.

 

For additional information please contact:

Archie Boyce: info@vegamininginc.com

Telephone: (604) 683 5445 or visit www.vegamininginc.com

 

On behalf of the board of

VEGA MINING INC.

 

“Archie Boyce”

 

Archie Boyce

President

 

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

 

Cautionary note:

This report contains forward looking statements.  Resource estimates, unless specifically noted, are considered speculative.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors:  The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

 

Vega Mining Inc.