03:55 PM EST - Vena Resources Inc. : said that it has entered into an agreement with privately-held international commodity trader Trafigura Beheer B.V. to negotiate a transaction on Azulcocha Zinc mine project. Under the deal, Trafigura will invest $5 million U.S. to acquire a 30% minority interest in a Peruvian subsidiary of Vena to be formed given a pre-production valuation of $17 million U.S. The subsidiary will hold the Azulcocha project. Trafigura would also support Vena's efforts to fully finance an initial 1,000 tpd mining operation of Azulcocha. Vena Resources Inc.
shares T.VEM are trading down $0.005 at $0.35.
