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Zephyr announces private placement
Zephyr announces private placement Canada NewsWire HALIFAX, Feb. 17, 2017 T...
About this update from Zephyr Minerals Ltd.
[{"type":"text","content":"\n\n\n\nZephyr announces private placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nHALIFAX, Feb. 17, 2017\n\n\n\nTrading Symbol: TSX-V: ZFR OTC:ZPHYF                                          Shares Outstanding: 34,359,761                                                                      \n\n\n\nHALIFAX, Feb. 17, 2017 /CNW/ - Zephyr Minerals Ltd. (\"Zephyr\" or the \"Company\") (TSX-V: ZFR) announces that it has arranged a non­brokered private placement financing of $184,000 comprising the sale of 575,000 units at a price of $0.32 per unit (the \"Private Placement\"). Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at an exercise price of $0.42 per common share at any time on or before the 24-month anniversary of the closing of the Private Placement. There are no commissions or finder's fees in connection with the Private Placement.\n\nOakRun Precious Metals Fund Ltd. (\"OakRun\"), will subscribe for the full 575,000 units, resulting in an ownership of 11,000,000 shares or 31.5% of the Company. Mr. Scott Rhodenizer is Investment Manager for OakRun, and a Director of Zephyr.\n\nNet proceeds from the funds raised will be used to advance the Dawson Gold Project in Colorado, USA, and for general working capital purposes. All shares and warrants will be subject to a four-month hold period. The Private Placement is subject to acceptance by the TSX Venture Exchange.\n\nThe ...