Zone Resources Inc. Announces Private Placement

Zone Resources Inc. Announces Private Placement

Zone Resources Inc. would like to announce that it has arranged a non-brokered private placement of up to 4,000,000 units at a price of $0.085 per unit for total proceeds of up to $340,000 subject to the approval of the TSX Venture Exchange.

Up to 4,000,000 units will be issued as non flow-through units consisting of one common share and one full warrant. One full warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.12 per share for the first year and at a price of $0.15 through to completion of the second year.

The proceeds of the private placement will be used for general working capital, oil and gas exploration and other potential resource sector opportunities.

Share this post