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TPH Bausysteme, sealing, joints, Injection, technology, Concrete, restoration, protection, tunnelling, mining, Abdichtung, Verfuellung, Verfestigen, Sanierung, Tunnelbau, Bergbau

Vena appoints Interim CFO

Vena Resources Inc. (TSX: VEM, Peru: VEM, Germany: V1RA, USA: VNARF) announces that Silvia Dedios, the Company’s General Manager of Peru Operations has been appointed interim CFO subsequent to the resignation of Andres Tinajero who held the position since January 2008.

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Vena Resources Signs Letter of Intent to Amalgamate with Forrester Resources

Vena Resources Inc. (TSX: VEM) announced that it has entered into a non-binding letter of intent (the “LOI”) to acquire 100 per cent of the common shares of Forrester Resources Corp. (“Forrester”). Forrester is a private company incorporated under the laws of the Yukon Territory, with its head office in Toronto and holds an option to acquire up to 85% of the mining concessions known as the “Las Princesas/La Reyna Properties” located in the District of Quiruvilca, Province of Santiago de Chuco, Region of La Libertad, in northern Peru.

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Vena enhances JV Agreement on Las Princesas Au/Ag Project and Suspension of the monthly Payments from Catalina Huanca Sociedad Minera

Vena Resources Inc. (TSX: VEM, Peru: VEM, Germany: V1RA, USA: VNARF) announces that the Company has enhanced the 2011 joint venture agreement with Forrester Resources Corp.

Under the original terms to earn an initial 51% interest in Las Princesas:

  • Forrester paid Vena US$50,000 cash upon execution;
  • Forrester committed to incur a minimum of US$400,000 in expenditures in the first year on Las Princesas;
  • Vena received 5% of the issued and outstanding shares of Forrester; and
  • Forrester committed to incur a further US$2,000,000 of expenditures in the first three years on Las Princesas including a minimum of 10,000 metres of drilling.
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Vena Resources Issues Shares to Settle Debt and Provides Board Update

Vena Resources Inc. (TSX: VEM, Peru: VEM, Germany: V1RA, USA: VNARF) announces that it has entered into debt settlement agreements to settle trade payables for the aggregate settlement amount of $150,350.62, through the issuance of an aggregate of 1,642,651 common shares in the capital of the Company, at an average price of $0.092 per common share.

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