Zazu Amends By-Laws, Insiders Exercise Options

Resource Investing News

Zazu Metals Corporation (TSX:ZAZ) announced that its board of directors has approved and adopted by-law amendments to include advance notice provisions. The advance notice provision has the purpose of providing a clear framework for nominating directors. Directors and Management also exercised 2.285 million options.

Zazu Metals Corporation (TSX:ZAZ) announced that its board of directors has approved and adopted by-law amendments to include advance notice provisions. The advance notice provisions have the purpose of providing a clear framework for nominating directors. Also, directors and management have exercised 2.285 million options.

As quoted in the press release:

The proceeds from the exercise of the options were C$685,500. As of March 31, 2014, Zazu has 47,909,051 shares outstanding and US$1.6 million in cash.

Click here to read the Zazu Metals Corporation (TSX:ZAZ) press release
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