Vendetta Mining Corp. announced a non-brokered private placement of 59,660,605 common shares for a total gross proceeds of CAD 4,772,000 in December 9, 2021. The transaction will include participation from Singapore J&Y Investment PTE.

Ltd. for 19.89% stake. The company will issues common shares in two tranches. The first tranche will consists of 5,454,545 common shares at a price of CAD 0.055 per share for a gross proceeds of CAD 300,000 and second tranche will consists of 54,206,060 common shares at a price of CAD 0.0825 per common share for a gross proceeds of CAD 4,472,000.

All the securities will subject to a hold period of four months from the date of closing. The transaction is subject to regulatory approvals and approval of the TSX Venture Exchange.