Business
ZEPHYR MINERALS LTD. COMPLETES INITIAL PUBLIC OFFERING
Apr. 5, 2011 (Canada NewsWire Group) -- HALIFAX, April 5 /CNW/ - Zephyr Minerals Ltd. (TSXV: ...
About this update from Zephyr Minerals Ltd.
[{"type":"text","content":"\n\n\n Apr. 5, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nHALIFAX, April 5 /CNW/ - Zephyr Minerals Ltd. (TSXV: ZFR.P) ("Zephyr" or\n the "Company"), a capital pool corporation, is pleased to announce that\n it has completed its initial public offering (the "Offering") of\n 3,000,000 common shares at a price of $0.10 per common share for gross\n proceeds to the Company of $300,000. Macquarie Private Wealth Inc.\n acted as lead agent for the Offering. The agents were paid a cash\n commission of $30,000 equal to 10% of the gross proceeds and were\n granted non-transferable options (the "Agents' Options") to purchase\n 300,000 common shares of the Company equal to 10% of the number of\n common shares sold under the Offering. The Agents' Options are\n exercisable for a period of 24 months at a price of $0.10 per common\n share.\n\n\nZephyr's common shares have been conditionally approved for listing on\n the TSX Venture Exchange (the "Exchange"). The Company expects its\n common shares will commence trading on the Exchange on April 5, 2011\n under the symbol 'ZFR.P'.\n\n\nThe net proceeds of the Offering will be used to identify and evaluate\n assets or businesses for acquisition with a view to completing a\n "Qualifying Transaction" under the Capital Pool Company Program of the\n Exchange as disclosed in the Company's prospectus dated March 18, 2011.\n\n\nAt the closing of the Offering, the Company also granted stock ...