Zone Resources Inc. Increases Private Placement
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/22/11 -- Zone Resources Inc. (TSX VENTURE: ZNR) (Zone) would like to announce that it has increased the non flow-through private placement announced July 5th, 2011. The non-brokered private placement has been increased up to 12,500,000 units at a price of $0.12 per unit for total proceeds of up to $1,500,000 subject to the approval of the TSX Venture Exchange.
Up to 12,500,000 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 $0.16 per share for the first year, and $0.20 per share until expiration in second and final year.
The proceeds of the private placement will be used for exploration work on the Company's mineral properties and general working capital. Finder's fees, as allowed pursuant to the policies of the TSX Venture Exchange, may be payable in connection with the offering.
About Zone Resources Inc.
Zone Resources Inc. is in the business of evaluating and acquiring oil, natural gas and mineral properties for exploration and development. The Company's shares trade on the TSX Venture Exchange under the symbol ZNR.
Cautionary note:
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Zone Resources Inc. - Vancouver Office
Archie Boyce
Director
(604) 683 5445 ext 227
(604) 687-9631 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 22.07.2011 - 22:49 Uhr
Sprache: Deutsch
News-ID 37138
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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