Stock Quote: TSE

Stock Quote - VEM
Last Traded Price 0.20
$ Change +0.00
Volume 14,000
% Change +0.00%
Intraday High 0.20 52 Week High 1.04
Intraday Low 0.16 52 Week Low 0.10
Today's Open 0.17 Previous Close 0.20
Nov 20 2008 03:57 PM 20 Minute Delay


Vena Resources Begins Trading on the Frankfurt Stock Exchange

12/19/2005


December 19, 2005--Toronto, Ontario – Vena Resources Inc. (TSX.V: VEM, LIMA: VEM, Frankfurt: V1R, OTC-BB: VNARF) is pleased to announce that its shares have been accepted for trading on the Frankfurt Stock Exchange under the trading symbol V1R.  The Frankfurt Stock Exchange facilitates advanced electronic trading, settlement and information systems.  Thus, it is able to meet the steadily growing requirements of cross-border trading.  For more information on the Frankfurt Stock Exchange, visit www.exchange.de.

Juan Vegarra Chairman and CEO states "A large portion of Vena’s shareholder base is European and facilitating closer access to additional European investors represents a great opportunity to increase our liquidity and broaden our shareholder base throughout the continent."

Vena also announces that the Company is in the process of completing a $500,000 private placement of 1,000,000 units to insiders and associates.  Each unit is priced at $0.50 and comprises one common share and one-half common share purchase warrant exercisable at $0.75 for a period of 12 months post the closing date.  The Company expects to close the placement before year-end.  The securities issued on closing are subject to a four-month hold period and the private placement is subject to regulatory approvals.  The net proceeds of the offering will be used for exploration work on Vena’s properties and for general working capital purposes.

For further information please contact:
Bryce Bradley, Corporate Development
(416) 666-0519
Email: bbradley@venaresources.com

Denis Clement, Director
(416) 364-1909
Email: dclement@venaresources.com

IR Europe: Vicarage Capital +44-20-8715-3271 or +44-0-7880-787080

Martin Wood
Email: martin@vicaragecapital.com

The TSX Venture Exchange does not accept the responsibility for the adequacy or accuracy of this release.  Statements in this press release regarding the Company’s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Copyright © 2007 Vena Resources Inc.