Zone to Arrange Private Placement of Up to 7,500,000 Units
Mar. 21, 2012 04:24PM PST
Oil and Gas InvestingZone Resources Inc.(TSXV:ZNR) announced the arrangement of a non-brokered private placement. The private placement will issue up to 7,500,000 units at $0.85 per unit for total proceeds of up to $637,500.
Zone Resources Inc.(TSXV:ZNR) announced the arrangement of a non-brokered private placement. The private placement will issue up to 7,500,000 units at $0.85 per unit for total proceeds of up to $637,500.
Click here to see the Zone Resources Inc. (TSXV:ZNR) profile.
As quoted in the press release:
Up to 7,500,000 units will be issued as non flow-through units consisting of one common share and one half (1/2) share purchase warrant. One full warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for the first year, and $0.12 per share until expiration in second and final year.
Click here to read the Zone Resources Inc. (TSXV:ZNR) press release
Click here to see the Zone Resources Inc. (TSXV:ZNR) profile.