Zone to Arrange Private Placement of Up to 7,500,000 Units

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.

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.

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