Zone Resources Inc. Closes First Tranche of the Private Placement

Zone Resources (TSXV:ZNR,FWB:7ZR) announced that the first tranche, with respect to the non-brokered private placement announced on October 11th 2011, has closed.

As quoted in the press release:

The Company raised $578,800.

A total of 2,860,000 units at a price of $0.08 per unit were issued as non-flow-through units consisting of one common share and one share purchase warrant.

A total of 3,500,000 units at a price of $0.10 per unit were issued as non-flow-through units consisting of one common share and one half (1/2) share purchase warrant.

Click here to read the Zone Resources (TSXV:ZNR,FWB:7ZR) press release

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