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| | September 07, 2005
News Release
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| | Verona Development Corp. has negotiated a non brokered private placement of 10 million units at a price of $0.09 per unit. Each unit consists of one common share and one warrant to purchase one additional share at a price of $0.115 per share for a period of two years. There will be a finder's fee payable on this placement.
The proceeds of this private placement will be used for property evaluation, acquisition and general working capital. The proposed private placement is subject to acceptance by the TSX Venture Exchange.
On behalf of:
Verona Development Corp.
"Juraj Adamec"
Juraj Adamec
President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. |
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| | You can view the Next News Releases item: Fri Oct 14, 2005, Private Placement Completion
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