Business
Zephyr closes private placement
Zephyr closes private placement Canada NewsWire HALIFAX, June 5, 2019 Tradi...
About this update from Zephyr Minerals Ltd.
[{"type":"text","content":"\n\n\n\nZephyr closes 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, June 5, 2019\n\n\n\nTrading Symbol:  TSX-V: ZFR  OTC:ZPHYF Shares Outstanding: 51,602,477\n HALIFAX, June 5, 2019 /CNW/ - Zephyr Minerals Ltd. (\"Zephyr\" or the \"Company\") (TSX-V: ZFR) (OTC: ZPHYF), has closed a non-brokered private placement raising $600,570 through the issuance of 2,859,857 units at a price of $0.21 per unit. Each unit consists of one common share and one-half warrant of the Company (\"Unit\"). Every two one-half common share purchase warrants of the Company entitles the subscriber to acquire one common share of the Company for $0.30 for a period of twelve months from the closing date.  \nNet proceeds from the funds raised will be used to advance the Dawson-Green Mountain Project in Colorado, USA, and for general working capital purposes. All securities issued in connection with the private placement, including the shares and warrants comprising the units are subject to a statutory four-month hold period that expires on October 6, 2019. The private placement remains subject to final acceptance by the TSX Venture Exchange.\nIn connection with the closing, the Company paid a cash finder's fee of $20,653.50 and 98,350 finder's warrants to Leede Jones Gable Inc.; and a cash finder's fee of $1,470 and 7,000 finder's warrants to Haywood Securities Inc.; and a cash finder's fee of $4,336.50 and 20,750 finder's warrants to Aligned Capital Partners Inc. Each finder's warrant entitles the holder to acquire one common share of the Company at $0.30 for a period of twelve months from the closing date. \nCertain officers, directors and insiders of the Company subscribed for an aggregate of 45,000 units.\nAbout Zephyr Minerals Ltd.\nZephyr Minerals Ltd. continues to advance its 100% owned high grade Dawson-Green Mountain Project in Colorado, USA. After expanding its land package to 1,388 hectares (3,430 acres) the company now controls a 12.2 kilometer (7.5 mile) mineralized trend which is prospective for Broken Hill-type...